CBS Corporation (CBS) : Analyst Rating Update

CBS Corporation (CBS) has an average broker rating of 1.55, which is interpreted as a Buy, as rated by 20 equity analysts. Nonetheless, 13 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 3 other analysts advise a Buy. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

CBS Corporation (CBS) : The highest level CBS Corporation (CBS) is projected to reach is $70 for the short term and the lowest estimate is at $51. The consolidated price target from 18 rating analysts who initiate coverage on the stock is $62.67 and the possibility the share price can swing is $4.87.

CBS Corporation (NYSE:CBS): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.46 and $54.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $55.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.09, notching a gain of 0.77% for the day. The total traded volume was 3,220,192 . The stock had closed at $54.67 on the previous day.

Also, In the latest statement by the brokerage house, Benchmark maintains its outlook on CBS Corporation (NYSE:CBS). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm raises the price target from $56 per share to $65 per share. The rating by the firm was issued on May 3, 2016. The company shares have rallied 0.72% from its 1 Year high price. On May 5, 2016, the shares registered one year high at $57.89 and the one year low was seen on Sep 29, 2015. The 50-Day Moving Average price is $53.50 and the 200 Day Moving Average price is recorded at $51.33.

CBS Corporation is a mass media company. The Company operates through segments, including Entertainment, Cable Networks, Publishing and Local Broadcasting. The Entertainment segment is composed of the CBS Television Network, CBS Television Studios, CBS Global Distribution Group, CBS Interactive and CBS Films. The Cable Networks segment is composed of Showtime Networks, which operates program services, such as Showtime, The Movie Channel, and Flix; CBS Sports Network, and Smithsonian Networks, which operates a program service, Smithsonian Channel. The Publishing segment is composed of Simon & Schuster, which publishes and distributes consumer books under imprints such as Simon & Schuster, Pocket Books, Scribner and Atria Books. The Local Broadcasting segment is composed of CBS Television Stations, the Companys 30 owned broadcast television stations, and CBS Radio, through which the Company owns and operates 117 radio stations in 26 United States markets.

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