The stock of the television cable company has dropped by 0.16% in the recent trading session.
A decline in the market capitalization of Cablevision Systems Corporation was witnessed on November 10, 2015 as the shares of the company dropped by 0.16%. The share price at which the trade commenced was $31.61 and during the course of the trade, they were seen fluctuating between the highest and lowest points of the day at $31.39 and $30.73 respectively.
The volume by the end of the trade on Tuesday was 2,137,054 shares with the last trade being called off at $31.1. In a period of 52 weeks, the highest share price was witnessed at $33.28 and the lowest share price was seen at $17.66. The number of outstanding shares in the television cable company presently is 276,698,260 shares.
The target price in the short run have been estimated by 10 stock experts suggesting it to be $33.78 and the standard deviation of this short term target price if $1.8 so it is expected that the actual target price might fluctuate by this value. The higher price estimate suggested by analysts is $35 and the lowest price is suggested to be $30.
The increase in the share price of Cablevision's stock is 68.55% in comparison to the highest share price recorded in the past 52-weeks. The highest and lowest share prices were registered on October 1, 2015 and March 11, 2015 respectively. In a period of three months, the share price of Cablevision Company is up by 22.11%. The YTD performance of the company stock currently stands at 53.96%.
Cablevision (CVC) is being covered by a financial services and research firm Sun Trust Rbsn Humphrey. According to the analysts and the reports issued to the investors by the financial services firm, the stock of the American company has received a Neutral rating. This report to the investors was issued on November 11, 2015. Furthermore, 9 other analysts have also commented on the television company's stock. 8 have recommended a rating of "Hold" while one had added the stock to its list of "Sell".
Insiders of Cablevision Systems own about 24.9% of the company's shares while Institutional Investors own about 80.98%. Additionally, Insider buying and selling activities were also seen in the company. Insider trading was disclosed to the SEC stating that the company's senior vice president Mink Victoria unloaded 5000 shares. These shares were unloaded for an average share price of $24.97 and the total transaction was worth $124,850.
The earnings per share reported by the company were 0.77 and the price to earnings ratio is 40.89.