Cablevision Systems Corp (CVC): Today's Featured Media Leader

Cablevision Systems ( CVC) pushed the Media industry higher today making it today's featured media leader. The industry as a whole closed the day down 1%. By the end of trading, Cablevision Systems rose 41 cents (2.9%) to $14.57 on heavy volume. Throughout the day, 10.3 million shares of Cablevision Systems exchanged hands as compared to its average daily volume of 3.4 million shares. The stock ranged in a price between $14.30-$14.90 after having opened the day at $14.35 as compared to the previous trading day's close of $14.16. Other companies within the Media industry that increased today were: Seven Arts Entertainment ( SAPX), up 14.7%, Dolan ( DM), up 6.6%, Liberty Global ( LBTYB), up 5.4%, and Dex One ( DEXO), up 4.3%.

Cablevision Systems Corporation operates as a telecommunications and media company. Cablevision Systems has a market cap of $2.9 billion and is part of the services sector. The company has a P/E ratio of 16.5, above the average media industry P/E ratio of 15.4 and below the S&P 500 P/E ratio of 17.7. Shares are down 0.4% year to date as of the close of trading on Thursday. Currently there is one analyst that rates Cablevision Systems a buy, four analysts rate it a sell, and seven rate it a hold.

TheStreet Ratings rates Cablevision Systems as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and weak operating cash flow.

On the negative front, LodgeNet Interactive Corporation ( LNET), down 27.9%, VisionChina Media ( VISN), down 7.7%, McClatchy Company ( MNI), down 7.1%, and NTN Buzztime ( NTN), down 6.7%, were all laggards within the media industry with News ( NWSA) being today's media industry laggard.

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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