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

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.

Cablevision Systems ( CVC) pushed the Media industry lower today making it today's featured Media laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Cablevision Systems fell 20 cents (-1.3%) to $14.97 on average volume. Throughout the day, three million shares of Cablevision Systems exchanged hands as compared to its average daily volume of 3.2 million shares. The stock ranged in price between $14.83-$15.30 after having opened the day at $15.21 as compared to the previous trading day's close of $15.17. Other companies within the Media industry that declined today were: Promotora de Informaciones SA/FI ADR ( PRIS), down 5.2%, Point.360 ( PTSX), down 3.7%, Bona Film Group ( BONA), down 3.1%, and McGraw-Hill Companies Incorporated ( MHP), down 2.6%.
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Cablevision Systems Corporation operates as a telecommunications and media company. Cablevision Systems has a market cap of $3 billion and is part of the services sector. The company has a P/E ratio of 21.8, above the S&P 500 P/E ratio of 17.7. Shares are down 3.8% year to date as of the close of trading on Thursday. Currently there are three analysts that rate Cablevision Systems a buy, three analysts rate it a sell, and six 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, 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 feeble growth in the company's earnings per share.

On the positive front, Gray Television ( GTN), up 6.1%, Central European Media ( CETV), up 4.9%, Entercom Communications Corporation ( ETM), up 4.7%, and Emmis Communications ( EMMS), up 4%, were all gainers within the media industry with Time Warner Cable ( TWC) being today's featured media industry leader.

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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