Pivotal Research analyst Brian Wieser maintained a Hold rating on CBS Corp (CBS) on November 2 and set a price target of $52. The company’s shares closed yesterday at $57.30.
According to TipRanks.com, Wieser is a 5-star analyst with an average return of 11.7% and a 76.7% success rate. Wieser covers the Services sector, focusing on stocks such as Interpublic Group of Companies, 21st Century Fox, and Nielsen Holdings.
CBS Corp has an analyst consensus of Moderate Buy, with a price target consensus of $68.
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Based on CBS Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $3.26 billion and net profit of $616 million. In comparison, last year the company earned revenue of $3.17 billion and had a net profit of $592 million.
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CBS Corp. operates as a mass media company, which creates and distributes content across a variety of platforms to audiences around the world. It operates its business through following segments: Entertainment, Cable Networks, Publishing, and Local Media.
