Altice expands in U.S. with $17.7 billion Cablevision deal
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September 18, 2015 7:03 AM EDT
Raymond James downgraded Cablevision (NYSE: CVC) from Outperform to Underperform.
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 $32.51 yesterday.
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September 17, 2015 2:32 PM EDT
Deutsche Bank maintained a Hold rating on Cablevision (NYSE: CVC) and raised its price target to $34.90 (from $21.00). Earlier Cablevision agreed to be sold to Altice for $34.90 per share. In the view of analyst Bryan Kraft, valuation is very attractive for Cablevision shareholders, and he said a competing bid is "highly... More
September 16, 2015 9:18 PM EDT
Europe's Altice has agreed to acquire Cablevision Systems (NYSE: CVC) for about $17.7 billion, including debt, the New York Times report Wednesday evening citing people familiar with the matter.
An announcement is expected Thursday.
The takeover of Cablevision, controlled by the Dolan... More
