5 Stocks Pushing The Media Industry Lower
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 10 points (0.1%) at 14,085 as of Thursday, Feb. 28, 2013, 12:04 PM ET. The NYSE advances/declines ratio sits at 1,607 issues advancing vs. 1,243 declining with 160 unchanged.
TheStreet Ratings group would like to highlight 5 stocks pushing the industry lower today:
5. Cablevision Systems ( CVC) is one of the companies pushing the Media industry lower today. As of noon trading, Cablevision Systems is down $1.58 (-10.2%) to $13.89 on heavy volume Thus far, 6.0 million shares of Cablevision Systems exchanged hands as compared to its average daily volume of 2.9 million shares. The stock has ranged in price between $13.68-$15.11 after having opened the day at $14.46 as compared to the previous trading day's close of $15.47.
Cablevision Systems Corporation operates as a telecommunications and media company. Cablevision Systems has a market cap of $3.2 billion and is part of the services sector. The company has a P/E ratio of 23.2, above the S&P 500 P/E ratio of 17.7. Shares are up 3.5% year to date as of the close of trading on Wednesday. Currently there are 3 analysts that rate Cablevision Systems a buy, 3 analysts rate it a sell, and 6 rate it a hold.
TheStreet Ratings rates Cablevision Systems as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, relatively poor performance when compared with the S&P 500 during the past year and feeble growth in the company's earnings per share. Get the full Cablevision Systems Ratings Report now.
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4. As of noon trading, Pandora Media ( P) is down $0.68 (-5.3%) to $12.06 on heavy volume Thus far, 4.1 million shares of Pandora Media exchanged hands as compared to its average daily volume of 5.2 million shares. The stock has ranged in price between $11.92-$12.66 after having opened the day at $11.99 as compared to the previous trading day's close of $12.74.