Atlantic Equities Upgrades CBS Corporation to Overweight

Brokerage firm Atlantic Equities Upgrades its rating on CBS Corporation(CBS). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by Atlantic Equities was issued on Feb 6, 2017.

In a different note, On Dec 13, 2016, BMO Capital said it Upgrades its rating on CBS Corporation. The shares have been rated ‘Outperform’ by the firm.

CBS Corporation (CBS) shares turned negative on Tuesdays trading session with the shares closing down -0.2 points or -0.31% at a volume of 22,56,517. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $64.93. The peak price level was also seen at $64.93 while the days lowest was $64.17. Finally the shares closed at $64.47. The 52-week high of the shares is $66.88 while the 52-week low is $41.36. According to the latest information available, the market cap of the company is $27,703 M.

CBS Corporation(CBS) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.93.

Several Insider Transactions has been reported to the SEC. On Jan 19, 2017, Joseph R Ianniello (Chief Operating Officer) sold 68,000 shares at $62.19 per share price.Also, On Jan 13, 2017, David R Andelman (director) sold 2,548 shares at $62.45 per share price.On Jan 6, 2017, Linda M Griego (director) sold 15,279 shares at $65.25 per share price, according to the Form-4 filing with the securities and exchange commission.

CBS Corporation is a mass media company. The Company operates through segments including Entertainment Cable Networks Publishing and Local Broadcasting. The Entertainment segment is composed of the CBS Television Network CBS Television Studios CBS Global Distribution Group CBS Interactive and CBS Films. The Cable Networks segment is composed of Showtime Networks which operates program services such as Showtime The Movie Channel and Flix; CBS Sports Network and Smithsonian Networks which operates a program service Smithsonian Channel. The Publishing segment is composed of Simon & Schuster which publishes and distributes consumer books under imprints such as Simon & Schuster Pocket Books Scribner and Atria Books. The Local Broadcasting segment is composed of CBS Television Stations the Company’s 30 owned broadcast television stations and CBS Radio through which the Company owns and operates 117 radio stations in 26 United States markets.

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