A statement released earlier today by UBS about CBS (NYSE:CBS) ups the target price to $66.00
- Updated: October 4, 2016
CBS (NYSE:CBS) had its target price raised to $66.00 by UBS in an issued report announced 10/4/2016. The bumped up stock price target implies a possible upside of 0.20% from the company's last closing price.
Previously on Thursday September 22, 2016, Telsey Advisory Group reported about CBS (NYSE:CBS) bumped down the target price from $67.00 to $57.00. At the time, this indicated a possible upside of 0.14%.
Only yesterday CBS (NYSE:CBS) traded 0.35% higher at $54.93. CBS’s 50-day average is $52.06 and its 200-day moving average is $53.74. With the last close up 2.21% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time. 3,130,031 shares of the stock were exchanged, down from an average trading volume of 4,192,930
With a market capitalization of $0, CBS has 52 week low of $41.29 and a one year high of $58.22 with a PE ratio of 16.25 .
A total of 1 analyst has released a report on CBS. 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $63.00.
Brief Synopsis About CBS (NYSE:CBS)
CBS Corporation is a mass media company. The Company's segments include Entertainment, Cable Networks, Publishing and Local Broadcasting. Its Entertainment segment is composed of the CBS Television Network; CBS Television Studios; CBS Global Distribution Group (composed of CBS Studios International and CBS Television Distribution); CBS Interactive, and CBS Films. The Company's Cable Networks segment is composed of Showtime Networks; CBS Sports Network, and Smithsonian Networks. The Publishing segment is composed of Simon & Schuster, which publishes and distributes consumer books under imprints, such as Simon & Schuster, Pocket Books, Scribner, Gallery Books, Touchstone and Atria Books. The Local Broadcasting segment is composed of CBS Television Stations, its approximately 30 owned broadcast television stations, and CBS Radio, through which it owns and operates radio stations in the United States markets. It operates businesses, which span the media and entertainment industries.
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