TSC Ratings' Updates: Cablevision

The following ratings changes were generated on Monday, Nov. 17.

We've upgraded Cablevision(CVC Quote) from sell to hold. Strengths include its revenue growth, impressive record of earnings per share growth and increase in net income. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year.

Cablevision's revenue rose by 15.4% since the same quarter one year prior, outpacing the industry average of 9.8% growth and boosting earnings per share, which improved significantly in the most recent quarter compared with the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years, which we feel should continue, suggesting improving business performance. During the past fiscal year, Cablevision turned its bottom line around by earning 7 cents vs. -48 cents in the prior year. This year, the market expects an improvement to 67 cents. ...