Press coverage about CBS (NYSE:CBS) has been trending somewhat positive on Monday, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CBS earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the media conglomerate an impact score of 44.9408504367133 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- California Launches Aetna Investigation After Medical Director’s Stunning Admission – CBS San Francisco Bay Area (sanfrancisco.cbslocal.com)
- Kim Cattrall Slams Former ‘Sex And The City’ Co-Star Sarah Jessica Parker On Instagram – CBS New York (newyork.cbslocal.com)
- Police: Donald Trump Jr.’s Wife Exposed To Unknown White Powder – CBS Detroit (detroit.cbslocal.com)
- Explosion, fire at power plant cause blackout in northern Puerto Rico – CBS News (cbsnews.com)
- Pilot Season 2018: Volume Steady With 2017, Multi-Camera Comedy Orders Surge – Variety (variety.com)
CBS has been the topic of a number of analyst reports. Royal Bank of Canada lowered their price objective on CBS from $77.00 to $66.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd. Cowen reaffirmed a “buy” rating and issued a $69.00 price objective on shares of CBS in a report on Friday, October 27th. Zacks Investment Research raised CBS from a “sell” rating to a “hold” rating in a report on Monday, October 30th. ValuEngine lowered CBS from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Benchmark reaffirmed a “buy” rating and issued a $78.00 price objective on shares of CBS in a report on Tuesday, January 16th. Nine investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $70.96.
CBS (CBS) traded up $0.40 during mid-day trading on Monday, reaching $53.16. The company had a trading volume of 4,591,383 shares, compared to its average volume of 4,550,000. CBS has a 12-month low of $50.63 and a 12-month high of $70.10. The company has a current ratio of 1.55, a quick ratio of 1.10 and a debt-to-equity ratio of 3.03. The stock has a market cap of $21,280.00, a price-to-earnings ratio of 15.45, a P/E/G ratio of 0.79 and a beta of 1.50.
The business also recently announced a quarterly dividend, which will be paid on Sunday, April 1st. Investors of record on Friday, March 9th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Thursday, March 8th. CBS’s payout ratio is currently 20.93%.
In related news, COO Joseph R. Ianniello sold 2,263 shares of the company’s stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $60.00, for a total value of $135,780.00. Following the sale, the chief operating officer now owns 551,494 shares of the company’s stock, valued at approximately $33,089,640. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Joseph R. Ianniello sold 46,621 shares of the company’s stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $60.01, for a total value of $2,797,726.21. Following the completion of the sale, the chief operating officer now directly owns 321,463 shares in the company, valued at approximately $19,290,994.63. The disclosure for this sale can be found here. In the last ninety days, insiders sold 226,377 shares of company stock worth $13,319,103. 2.03% of the stock is owned by corporate insiders.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright laws. The legal version of this piece of content can be read at https://www.thelincolnianonline.com/2018/02/12/cbs-cbs-earning-somewhat-positive-news-coverage-accern-reports.html.
CBS Company Profile
CBS Corporation is a mass media company. The Company operates through four segment: Entertainment, Cable Networks, Publishing, Local Media. The Entertainment segment comprises the CBS TV Network; CBS TV Studios; CBS Studios International and CBS TV Distribution; CBS Interactive; CBS Films; and the Company’s digital streaming services, CBS All Access and CBSN.
Receive News & Ratings for CBS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBS and related companies with MarketBeat.com's FREE daily email newsletter.