An Under-the-Hood Look at Cablevision's Key Growth Engines in 2015
Shareholder returns and stock trends
As of February 25, 2016, Cablevision Systems (CVC) generated returns of ~71.8% for the trailing 12 months and 3.7% in the trailing-one-month period. Cablevision’s share price rose by 0.12% in the trailing-five-day period.
By comparison, Cablevision’s peers Time Warner Cable (TWC), Comcast (CMCSA), and Charter Communications (CHTR) generated returns of 3.1%, 2.1%, and 6.5%, respectively, in the trailing-five-day period.
On February 25, 2016, the last trading price of Cablevision Systems was $32.45. The company’s stock was trading 1.4% above its 20-day, 50-day and 100-day moving average of $32, respectively.
Moving average convergence divergence
A company’s MACD (moving average convergence divergence) is the difference between its short-term and long-term moving averages. Cablevision’s 14-day MACD of 0.27 shows an upward trading trend, as the figure is positive.
Cablevision’s 14-day RSI (relative strength index) is 59, which shows that the stock is leaning toward being overbought. (If a stock’s RSI is above 70, it indicates that the stock has been overbought. An RSI below 30 suggests that a stock has been oversold.)
Analyst recommendations
Of the 22 analysts covering Cablevision, two have given it “buy” recommendations, one has given it a “sell” recommendation, and 19 have given it “hold” recommendations. The analyst stock price target for Cablevision is ~$34.82, with a median target estimate of $34.95. Cablevision is trading at a discount of 7.7% with respect to its median target.
Charter makes up 0.43% of the PowerShares QQQ Trust Series 1 ETF (QQQ). QQQ also has 4.9% exposure to the TV space. For further analysis, keep checking in with Market Realist’s Media page.
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