The Dividend Daily

Cable TV and Internet provider Cablevision Systems Corporation (CVC) saw its rating and price target upgraded on Monday by analysts at Kaufman Bros.

The analyst boosted its rating on CVC to “Buy” from a previous “Hold,” and raised its price target on the stock to “$28 from $21. Cablevision shares had closed at $22.96 on Friday.

Kaufman commented that “Our $28 price target for shares of CVC is based on the successful spin-out of MSG and resulting expansion in FCF forecasts as a result.”

Cablevision shares were mostly flat in premarket trading Monday.

The Bottom Line
We have been recommending shares of CVC since Sept.1, when the stock was trading at $22.34. The company has a 1.74% dividend yield, based on Friday’s closing stock price of $22.96.

Cablevision Systems Corporation (CVC) is a “recommended” dividend stock, holding a Dividend.com DARS™ Rating of 3.5 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.