UBS Warburg LLC said Friday that it raised its investment rating for Cox
Communications Inc., the No. 4 U.S. cable-television operator, to "buy" from
"neutral," Reuters reports.
"We view Cox shares as attractive given the company's strong operating
momentum, solid management team, well-defined bundling strategy, conservative
accounting treatment and strong balance sheet with room for further
deleveraging," analyst Aryeh Bourkoff wrote in a research note.
Cox shares closed at $28.94 each on the New York Stock Exchange Friday, up 64