Canaccord Genuity analyst Thomas Eagan has upgraded the
rating on Cablevision from "hold" to "buy," citing its
expectation that the company will raise rates, could sell the recently acquired
Bresnan Communications, and that the Dolan family could again try to take the
Equity raised its target price on Monday for the stock from
$18 to $23, in part due to the projected higher revenue in 2013 from the
expected raise in rates.
It says the risk to that "buy" recommendation is
that Cablevision decides not to raise rates and, instead, targets increased
market share. Verizon boosting its build-out in New York and New Jersey would
also affect that rating.
Contributing editor John Eggerton has been an editor and/or writer on media regulation, legislation and policy for over four decades, including covering the FCC, FTC, Congress, the major media trade associations, and the federal courts. In addition to Multichannel News and Broadcasting + Cable, his work has appeared in Radio World, TV Technology, TV Fax, This Week in Consumer Electronics, Variety and the Encyclopedia Britannica.
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