NEW YORK (TheStreet) -- Shares of Cablevision Systems Corporation (CVC) are up 0.91% to $18.25 after the company was upgraded to "neutral" from "sell," with an $18 price target from $17 at Citigroup (C).
The firm cited a balanced risk-reward following the post-earnings pullback in shares.
Separately, TheStreet Ratings team rates CABLEVISION SYS CORP as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate CABLEVISION SYS CORP (CVC) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year."