Cablevision Systems Corp (CVC): Today's Featured Services 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 Services sector higher today making it today's featured services winner. The sector as a whole closed the day down 0.7%. By the end of trading, Cablevision Systems rose $0.51 (3.6%) to $14.68 on heavy volume. Throughout the day, 5,260,287 shares of Cablevision Systems exchanged hands as compared to its average daily volume of 2,821,600 shares. The stock ranged in a price between $13.92-$14.84 after having opened the day at $14.14 as compared to the previous trading day's close of $14.17. Other companies within the Services sector that increased today were: Restoration Hardware Holdings ( RH), up 16.1%, Hastings Entertainment ( HAST), up 14.3%, QKL Stores ( QKLS), up 14.1% and China Distance Education Holdings ( DL), up 11.3%.
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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 $3.0 billion and is part of the media industry. Shares are down 5.2% year to date as of the close of trading on Thursday. Currently there are 4 analysts that rate Cablevision Systems a buy, 2 analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Cablevision Systems as a sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share and deteriorating net income.

On the negative front, UniTek Global Services ( UNTK), down 14.5%, Myriad Genetics ( MYGN), down 13.8%, FreeSeas ( FREE), down 13.1% and DLH Holdings ( DLHC), down 12.4% , were all laggards within the services sector with News Corporation ( NWS) being today's services sector laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the services sector could consider iShares Dow Jones US Cons Services ( IYC) while those bearish on the services sector could consider ProShares Ultra Short Consumer Sers ( SCC).

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