CBS Corporation(NYSE:CBS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Earnings per share were $0.93.
In a different note, On Jul 15, 2016, UBS said it Downgrades its rating on CBS Corporation. The shares have been rated ‘Sell’ by the firm. On May 3, 2016, Benchmark said it Maintains its rating on CBS Corporation. In the research note, the firm Raises the price-target to $56.00 per share. The shares have been rated ‘Buy’ by the firm.
CBS Corporation (CBS) shares turned negative on Thursdays trading session with the shares closing down -0.26 points or -0.50% at a volume of 32,26,921. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $52.58. The peak price level was also seen at $52.58 while the days lowest was $51.64. Finally the shares closed at $51.83. The 52-week high of the shares is $58.22 while the 52-week low is $38.51. According to the latest information available, the market cap of the company is $23,044 M.
Several Insider Transactions has been reported to the SEC. On Jun 30, 2016, Anthony G Ambrosio (Sr.EVP Chief Admin & HR Ofcr) sold 8,500 shares at $52.76 per share price.Also, On May 6, 2016, Lawrence Tu (Sr.EVP, Chief Legal Officer) sold 28,104 shares at $57.17 per share price.On May 6, 2016, Jonathan Anschell (EVP, Deputy GC and Secretary) sold 8,946 shares at $57.09 per share price, according to the Form-4 filing with the securities and exchange commission.
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 Company’s 30 owned broadcast television stations and CBS Radio through which the Company owns and operates 117 radio stations in 26 United States markets.