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 1.4%. By the end of trading, Cablevision Systems fell $0.21 (-1.3%) to $16.00 on average volume. Throughout the day, 4,938,723 shares of Cablevision Systems exchanged hands as compared to its average daily volume of 3,685,600 shares. The stock ranged in price between $15.86-$16.43 after having opened the day at $16.34 as compared to the previous trading day's close of $16.21. Other companies within the Media industry that declined today were: Point.360 ( PTSX), down 4.8%, Pandora Media ( P), down 2.9%, McClatchy Company ( MNI), down 2.2% and NTN Buzztime ( NTN), down 1.9%.

Cablevision Systems Corporation provides telecommunications and media services. It operates in two segments, Telecommunications Services and Other. Cablevision Systems has a market cap of $3.5 billion and is part of the services sector. Shares are up 8.5% year to date as of the close of trading on Thursday. 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, compelling growth in net income and increase in stock price during the past year. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall.

On the positive front, VisionChina Media ( VISN), up 15.1%, Gray Television ( GTN.A), up 12.8%, Gray Television ( GTN), up 10.1% and Insignia Systems ( ISIG), up 9.3% , were all gainers within the media industry with Twenty-First Century Fox ( FOXA) 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.
null

If you liked this article you might like

Comcast's (and Other Cable Firms') Desperation Could Make Things Tougher for Incumbent Carriers

Desperate Cable Firms Such as Comcast Will Make the U.S. Wireless Market More Interesting

Trump, Net Neutrality and Netflix

AMC Networks CEO Says 'The Walking Dead' Is Blessing, Not Burden

Streaming Video Has Room to Keep Growing, Says PwC Survey