Cablevision Systems Corp (CVC): Today's Featured Media Laggard

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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 0.3%. By the end of trading, Cablevision Systems fell $0.24 (-1.4%) to $16.94 on light volume. Throughout the day, 2,202,212 shares of Cablevision Systems exchanged hands as compared to its average daily volume of 2,938,400 shares. The stock ranged in price between $16.92-$17.24 after having opened the day at $17.23 as compared to the previous trading day's close of $17.18. Other companies within the Media industry that declined today were: Rentrak Corporation ( RENT), down 5.4%, Crown Media Holdings ( CRWN), down 4.1%, Tiger Media ( IDI), down 3.7% and DISH Network ( DISH), down 3.6%.

Cablevision Systems Corporation provides telecommunications and media services. It operates in two segments, Telecommunications Services and Other. Cablevision Systems has a market cap of $3.7 billion and is part of the services sector. Shares are up 15.7% year to date as of the close of trading on Tuesday. Currently there are 4 analysts that rate Cablevision Systems a buy, 3 analysts rate it a sell, and 10 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 revenue growth, increase in net income and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good.

On the positive front, Envoy Capital Group ( ECGI), up 16.5%, Constant Contact ( CTCT), up 5.5%, Mandalay Digital Group ( MNDL), up 5.3% and Mandalay Digital Group ( MNDLD), up 5.3% , were all gainers within the media industry with Charter Communications Inc Class A ( CHTR) 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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