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 0.8%. By the end of trading, Cablevision Systems fell $0.20 (-1.3%) to $15.08 on light volume. Throughout the day, 2,279,803 shares of Cablevision Systems exchanged hands as compared to its average daily volume of 3,379,600 shares. The stock ranged in price between $14.97-$15.32 after having opened the day at $15.30 as compared to the previous trading day's close of $15.28. Other companies within the Media industry that declined today were: VisionChina Media ( VISN), down 9.2%, Radio One ( ROIAK), down 4.6%, Spanish Broadcasting System ( SBSA), down 4.3% and ChinaNet Online Holdings ( CNET), down 3.9%.
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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 $3.2 billion and is part of the services sector. The company has a P/E ratio of 125.6, above the S&P 500 P/E ratio of 17.7. Shares are up 2.3% year to date as of the close of trading on Friday. Currently there are 3 analysts that rate Cablevision Systems a buy, 3 analysts rate it a sell, and 6 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 relatively poor performance when compared with the S&P 500 during the past year and feeble growth in the company's earnings per share.

On the positive front, NTN Buzztime ( NTN), down 11.1%, Entravision Communications Corporation ( EVC), down 9.7%, McClatchy Company ( MNI), down 9.5% and Marchex Inc. Class B ( MCHX), down 8.5% , were all gainers within the media industry with Sirius XM Radio ( SIRI) 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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