Stock Buzzer: Could CBS Corporation See a Reversal After This Very Strong Session?

Stock Buzzer: Could CBS Corporation See a Reversal After This Very Strong Session?

The stock of CBS Corporation (NYSE:CBS) is a huge mover today! About 1.90 million shares traded hands. CBS Corporation (NYSE:CBS) has risen 6.78% since April 11, 2016 and is uptrending. It has outperformed by 0.64% the S&P500.
The move comes after 5 months positive chart setup for the $26.85 billion company. It was reported on Nov, 11 by Barchart.com. We have $84.76 PT which if reached, will make NYSE:CBS worth $12.62 billion more.

CBS Corporation (NYSE:CBS) Ratings Coverage

Out of 20 analysts covering CBS Corp (NYSE:CBS), 16 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 80% are positive. CBS Corp has been the topic of 44 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets with “Top Pick” on Tuesday, October 13. Deutsche Bank upgraded the stock to “Buy” rating in Thursday, September 10 report. The firm has “Buy” rating given on Wednesday, March 16 by Stifel Nicolaus. The stock of CBS Corporation (NYSE:CBS) earned “Buy” rating by Deutsche Bank on Friday, March 18. The stock of CBS Corporation (NYSE:CBS) earned “Hold” rating by Zacks on Monday, September 7. Barclays Capital maintained CBS Corporation (NYSE:CBS) on Friday, August 14 with “Equal-Weight” rating. As per Wednesday, November 4, the company rating was maintained by Topeka Capital Markets. The firm has “Market Perform” rating by Wells Fargo given on Tuesday, August 18. On Friday, February 5 the stock rating was initiated by Telsey Advisory Group with “Outperform”. Deutsche Bank maintained the stock with “Buy” rating in Friday, July 29 report.

According to Zacks Investment Research, “CBS Corporation is a mass media company that creates and distributes industry-leading content to audiences worldwide. CBS has businesses with origins that date back to the beginnings of broadcast as well as new ventures that operate on media’s leading edge. It owns the most-watched television network in the U.S. and one of the world’s largest entertainment libraries. CBS’s operations span nearly every field of media and entertainment, including cable, publishing, radio, TV, film, outdoor advertising, and interactive and socially responsible media. Its businesses include CBS Television Network, The CW (owned by CBS Corporation and Warner Bros. Entertainment), Showtime Networks, CBS Sports Network, Smithsonian Networks, Simon & Schuster, CBS Television Stations, CBS Radio, CBS Outdoor, CBS Television Studios, CBS Studios International, CBS Television Distribution, CBS Interactive, CBS Consumer Products, CBS Home Entertainment, CBS Films and CBS EcoMedia. For more information, go to www.cbscorporation.com.”

Insitutional Activity: The institutional sentiment increased to 0.89 in Q2 2016. Its up 0.02, from 0.87 in 2016Q1. The ratio improved, as 50 funds sold all CBS Corporation shares owned while 234 reduced positions. 52 funds bought stakes while 201 increased positions. They now own 282.48 million shares or 8.70% less from 309.41 million shares in 2016Q1.
Norinchukin Financial Bank The accumulated 80,304 shares or 0.11% of the stock. Moreover, Madison Investment has 0.28% invested in CBS Corporation (NYSE:CBS) for 252,062 shares. Burt Wealth Advsr last reported 670 shares in the company. Pinebridge Invs Lp holds 0.27% of its portfolio in CBS Corporation (NYSE:CBS) for 96,588 shares. Swarthmore Grp Inc Inc accumulated 342,900 shares or 3.17% of the stock. The Ontario – Canada-based Mackenzie Finance Corporation has invested 0% in CBS Corporation (NYSE:CBS). Los Angeles Capital Mgmt Equity Rech reported 55,138 shares or 0.03% of all its holdings. Ridgeworth Management Ltd Llc has 0% invested in the company for 2,713 shares. Piedmont Invest Advsrs Llc accumulated 0% or 91,652 shares. Moreover, Amica Mutual Insurance Co has 0.15% invested in CBS Corporation (NYSE:CBS) for 28,604 shares. Oregon Employees Retirement Fund holds 114,768 shares or 0.14% of its portfolio. Deutsche Fincl Bank Ag accumulated 3,451 shares or 0% of the stock. The Massachusetts-based Babson Mgmt Llc has invested 0.05% in CBS Corporation (NYSE:CBS). Patten Incorporated holds 0% or 75 shares in its portfolio. Highbridge Cap Llc owns 305,231 shares or 0.27% of their US portfolio.

Insider Transactions: Since May 18, 2016, the stock had 0 buys, and 10 insider sales for $5.50 million net activity. $786,597 worth of CBS Corporation (NYSE:CBS) was sold by Ambrosio Anthony G on Tuesday, September 27. 5,093 shares with value of $266,151 were sold by CALIFANO JOSEPH A on Wednesday, August 3. Goldberg Leonard sold 1,698 shares worth $87,909.

Another recent and important CBS Corporation (NYSE:CBS) news was published by Prnewswire.com which published an article titled: “CBS Corporation Reports Third Quarter 2016 Results” on November 03, 2016.

CBS Company Profile

CBS Corporation, incorporated on November 10, 1986, is a mass media company. The Firm operates through divisions, including Entertainment, Cable Networks, Publishing and Local Broadcasting. The Firm operates businesses, which span the media and entertainment industries, including the CBS Television Network, cable networks, content production and distribution, television and radio stations, Internet businesses, and consumer publishing.

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