Cablevision Systems Stock Hits New 52-Week High (CVC)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Cablevision Systems (NYSE: CVC) hit a new 52-week high Thursday as it is currently trading at $18.19, above its previous 52-week high of $18.14 with 4.1 million shares traded as of 2:06 p.m. ET. Average volume has been 3.1 million shares over the past 30 days.

Cablevision Systems has a market cap of $3.76 billion and is part of the services sector and media industry. Shares are up 24.8% year to date as of the close of trading on Wednesday.

Cablevision Systems Corporation operates as a telecommunications and media company. The company has a P/E ratio of 21.9, equal to the average media industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Cablevision Systems as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income and a generally disappointing performance in the stock itself. You can view the full Cablevision Systems Ratings Report.

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