Wells Fargo analyst Steven Cahall maintained a Sell rating on CBS Corp (CBS) today. The company’s shares closed last Monday at $36.34, close to its 52-week low of $35.76.
According to TipRanks.com, Cahall is a 3-star analyst with an average return of 2.9% and a 54.7% success rate. Cahall covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Lions Gate Ent Corp Cl A, and Entercom Communications.
Currently, the analyst consensus on CBS Corp is a Moderate Buy with an average price target of $57.15.
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Based on CBS Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.81 billion and net profit of $440 million. In comparison, last year the company earned revenue of $3.26 billion and had a net profit of $488 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.
