CBS (NYSE:CBS) Rating Decreased at Wells Fargo to Market Perform

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Wells Fargo Analyst Rating Change CBS NYSE:CBS

CBS (NYSE:CBS) Rating Cut

CBS (NYSE:CBS)’s stock was decreased to Market Perform by research professionals at Wells Fargo. CBS’s Outperform rating is no longer valid.

This rating downgrade was most probably noticed by stock investors, as NYSE:CBS is currently trading -0.11% lower at $54.46 as of 8:04 AM New York time. CBS shares have [From2] 0% in the past 200 days, while the S&P500 has increased 6.00% in the same time period.

Institutional Ownership

Chieftain Capital Management Inc. had the most significant stake with ownership of 4.84 million shares as of Q2 2015 for 15.28% of the US long stock exposure. Tanaka Capital Management Inc is another bullish active investment manager who is possessing 75,490 shares of CBS or 9.91% of their US long stock exposure. Furthermore, Raiff Partners Inc have 7.54% of their US long stock exposure invested in the company for 105,000 shares. The Illinois-based fund Zuckerman Investment Group Llc revealed it had purchased so far a stake worth about 6.24% of the active investment manager’s stock portfolio in CBS. The Maryland-based fund Park Circle Co is also positive about the stock, possessing 430,051 shares or 5.75% of their US long stock exposure.

CBS (NYSE:CBS) Profile

CBS CorpCBS 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.

CBS (NYSE:CBS) traded down -0.11% on 29 January, hitting $54.46. A total of 600 shares of the company’s stock traded hands. This is down from average of 4.26 million shares. CBS has a 52 week low of $54.00 and a 52 week high of $70.1. The company has a market cap of $21.91 billion and a P/E ratio of 15.28.

Get the latest CBS (NYSE:CBS) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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