Miller Tabak Downgrades Cablevision (CVC) to Neutral; Upside to Sub Growth, But Big Miss on OCF & FCF
Get Alerts CVC Hot Sheet
Price: $34.87 --0%
Rating Summary:
7 Buy, 18 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 3 | New: 2
Rating Summary:
7 Buy, 18 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 3 | Down: 3 | New: 2
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Miller Tabak downgraded Cablevision (NYSE: CVC) from Buy to Neutral, price target lowered from $18 to $16.
Analyst, David C. Joyce, said, "1Q12 total revenue of $1.659 bn (+0.2%) missed our $1.680 bn estimate, with Cable Television revenue of $1.489 bn (+0.1%) missed our $1.51 bn estimate, Lightpath revenue of $79.5 mm (+2.9%) missed our $84 mm estimate, but Other revenue of $100.1 mm (-0.6%) beat our $91.5 mm estimate."
For an analyst ratings summary and ratings history on Cablevision click here. For more ratings news on Cablevision click here.
Shares of Cablevision closed at $14.70 yesterday.
Analyst, David C. Joyce, said, "1Q12 total revenue of $1.659 bn (+0.2%) missed our $1.680 bn estimate, with Cable Television revenue of $1.489 bn (+0.1%) missed our $1.51 bn estimate, Lightpath revenue of $79.5 mm (+2.9%) missed our $84 mm estimate, but Other revenue of $100.1 mm (-0.6%) beat our $91.5 mm estimate."
For an analyst ratings summary and ratings history on Cablevision click here. For more ratings news on Cablevision click here.
Shares of Cablevision closed at $14.70 yesterday.
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