Cablevision Systems Rises On Unusually High Volume (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) is trading at unusually high volume Thursday with 6.5 million shares changing hands. It is currently at two times its average daily volume and trading up 42 cents (+2.7%) at $15.89 as of 1:41 p.m. ET.

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Cablevision Systems has a market cap of $3.25 billion and is part of the services sector and media industry. Shares are up 1.9% year to date as of the close of trading on Wednesday.

Cablevision Systems Corporation provides telecommunications and media services. It operates in two segments, Telecommunications Services and Other. The company has a P/E ratio of 126.9, above the S&P 500 P/E ratio of 17.7.

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. You can view the full Cablevision Systems Ratings Report.

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