CBS Corporation (CBS): 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

CBS Corporation ( CBS) 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, CBS Corporation fell $0.81 (-1.7%) to $48.03 on heavy volume. Throughout the day, 10,320,047 shares of CBS Corporation exchanged hands as compared to its average daily volume of 6,084,800 shares. The stock ranged in price between $47.61-$48.96 after having opened the day at $47.84 as compared to the previous trading day's close of $48.84. Other companies within the Media industry that declined today were: Tivo ( TIVO), down 19.0%, Inuvo ( INUV), down 6.2%, Charm Communications ( CHRM), down 5.0% and Ku6 Media ( KUTV), down 4.8%.
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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 $27.6 billion and is part of the services sector. The company has a P/E ratio of 18.7, above the S&P 500 P/E ratio of 17.7. Shares are up 28.4% year to date as of the close of trading on Thursday. Currently there are 18 analysts that rate CBS Corporation a buy, no analysts rate it a sell, and 4 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 positive front, Envoy Capital Group ( ECGI), down 14.8%, Gray Television ( GTN), down 6.7%, ChinaNet Online Holdings ( CNET), down 6.7% and Pandora Media ( P), down 5.7% , were all gainers within the media industry with News Corporation ( NWSA) 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).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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