CBS Corporation (CBS): Today's Featured Media Loser

CBS Corporation ( CBS) pushed the Media industry lower today making it today's featured Media loser. The industry as a whole closed the day down 0.9%. By the end of trading, CBS Corporation fell 31 cents (-1%) to $30.61 on heavy volume. Throughout the day, 11.5 million shares of CBS Corporation exchanged hands as compared to its average daily volume of 6.9 million shares. The stock ranged in price between $29.85-$30.87 after having opened the day at $30.62 as compared to the previous trading day's close of $30.92. Other company's within the Media industry that declined today were: Seven Arts Entertainment ( SAPX), down 15.8%, SearchMedia Holdings ( IDI), down 10.3%, Gray Television ( GTN.A), down 8.2%, and LIN TV Corporation ( TVL), down 6.2%.

CBS Corporation, together with its subsidiaries, operates as a mass media company in the United States and internationally. CBS Corporation has a market cap of $19.1 billion and is part of the services sector. The company has a P/E ratio of 14.7, above the average media industry P/E ratio of 14.5 and below the S&P 500 P/E ratio of 17.7. Shares are up 16.4% year to date as of the close of trading on Wednesday. Currently there are 17 analysts that rate CBS Corporation a buy, no analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates CBS Corporation as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, revenue growth and attractive valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, Ku6 Media ( KUTV), up 6.9%, Pandora Media ( P), up 4.2%, LodgeNet Interactive Corporation ( LNET), up 3.2%, and Envoy Capital Group ( ECGI), up 3.1%, were all gainers within the media industry with Charter Communications ( CHTR) being today's featured media industry winner.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider PowerShares Dynamic Media ( PBS) while those bearish on the media industry could consider ProShares Ultra Sht Consumer Services ( SCC).
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