Collins Stewart Downgrades Cablevision (CVC) to Neutral

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Collins Stewart downgraded Cablevision (NYSE: CVC) from Buy to Neutral with a price target of $16.50 (down from $30).

The firm comments, "Following three straight quarters of near-flat to down y/y AOCF growth, it appears that FY12 will bring more of the same. While FY12 customer growth may improve somewhat, it comes at the expense of stagnant revenue and AOCF and declining FCF"

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 $14.13 yesterday, with a 52 week range of $11.57-$37.19.

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