Cablevision Systems Corp (CVC): 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.

Cablevision Systems ( CVC) pushed the Media industry higher today making it today's featured media winner. The industry as a whole closed the day down 0.4%. By the end of trading, Cablevision Systems rose 32 cents (2.3%) to $14.57 on heavy volume. Throughout the day, 7.5 million shares of Cablevision Systems exchanged hands as compared to its average daily volume of 3.5 million shares. The stock ranged in a price between $14.25-$14.78 after having opened the day at $14.25 as compared to the previous trading day's close of $14.25. Other companies within the Media industry that increased today were: Entravision Communications Corporation ( EVC), up 6.8%, AirMedia Group ( AMCN), up 5%, Dolan ( DM), up 4.6%, and Insignia Systems ( ISIG), up 3.5%.
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Cablevision Systems Corporation provides telecommunications and media services. It operates in two segments, Telecommunications Services and Other. Cablevision Systems has a market cap of $2.97 billion and is part of the services sector. The company has a P/E ratio of 117.3, above the S&P 500 P/E ratio of 17.7. Shares are down 4.6% year to date as of the close of trading on Monday. Currently there are three analysts that rate Cablevision Systems a buy, three analysts rate it a sell, and five 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 increase in net income, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share.

On the negative front, Point.360 ( PTSX), down 11.6%, Millennial Media ( MM), down 8.1%, YOU On Demand Holdings ( YOD), down 7.7%, and Inuvo ( INUV), down 5.5%, were all laggards within the media industry with News Corporation ( NWS) 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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