CBS (CBS) Gets a Buy Rating from Benchmark Co.

By Ryan Adsit

Benchmark Co. analyst Daniel Kurnos maintained a Buy rating on CBS (CBSResearch Report) yesterday and set a price target of $61.00. The company’s shares closed last Monday at $37.14, close to its 52-week low of $35.02.

According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 8.1% and a 51.0% success rate. Kurnos covers the Services sector, focusing on stocks such as Nexstar Media Group, Sinclair Broadcast, and Zillow Group.

CBS has an analyst consensus of Moderate Buy, with a price target consensus of $53.07, implying a 43.6% upside from current levels. In a report issued on October 23, Needham also maintained a Buy rating on the stock with a $60.00 price target.

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CBS’s market cap is currently $13.92B and has a P/E ratio of 4.56. The company has a Price to Book ratio of 2.93.

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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.