News

Cablevision Taps Out

2/01/2004 7:00 PM Eastern

Sanford Bernstein & Co. cable analyst Craig Moffett lowered his rating on Cablevision Systems Corp. to "market perform" from "outperform" after he wrote in a research report that the stock's recent rally has pretty much exhausted its upside potential.

Cablevision stock has appreciated about 42% since October — it was priced at $25.92 per share Jan. 28, down 28 cents. In his report, Moffett said the upside prospects for Cablevision stock now lie in potential "windfall events" — the sale of the MSO to Time Warner Inc., or the sale of its Voom direct-broadcast satellite service. Strong performance in its core cable assets has largely already been factored into the stock's price, Moffett wrote.

April
May

Multicultural TV Breakfast Panel

Breakfast Panel Discussion at INTX 2015, McCormick Place, Chicago, Ill. For more information visit: multichannelevents.com/multiculturaltv