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

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.

CBS Corporation ( CBS) pushed the Media industry higher today making it today's featured media winner. The industry as a whole closed the day up 0.6%. By the end of trading, CBS Corporation rose $1.01 (2.2%) to $46.95 on average volume. Throughout the day, 9.2 million shares of CBS Corporation exchanged hands as compared to its average daily volume of 7.5 million shares. The stock ranged in a price between $46.21-$47.42 after having opened the day at $46.33 as compared to the previous trading day's close of $45.94. Other companies within the Media industry that increased today were: ChinaNet Online Holdings ( CNET), up 11.2%, Envoy Capital Group ( ECGI), up 9.3%, Spanish Broadcasting System ( SBSA), up 8.4%, and Insignia Systems ( ISIG), up 5%.
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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 $26.93 billion and is part of the services sector. The company has a P/E ratio of 18.5, above the S&P 500 P/E ratio of 17.7. Shares are up 20.7% year to date as of the close of trading on Wednesday. Currently there are 19 analysts that rate CBS Corporation a buy, no analysts rate it a sell, and four 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, notable return on equity, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the negative front, Ku6 Media ( KUTV), down 8.3%, Dex One ( DEXO), down 6.9%, Martha Stewart Living Omnimedia ( MSO), down 4.2%, and Dolan ( DM), down 3.6%, were all laggards within the media industry with DISH Network ( DISH) 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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