CBS (NYSE:CBS) And Viacom Could Be The Key For A Stock Re- Merger -CWEB.com

cbsnews-stack_1280X960CBS (NYSE:CBS) And Viacom Could Be The Key For A Stock Re- Merger -CWEB.com

CBS Corporation (NYSE: CBS), the American media corporation offers an attractive valuation.

CBS reported better than expected profitability, offset by a top line $100 million miss due to lower than expected advertising sales.

Management has outlay a plan to generate over $150 million in revenue for the company in 2018.

Share repurchases stemming from the CBS Radio merger and a possible sale of real estate assets could provide a boost in the stock.

Management has been encouraged by the progress of its subscription streaming services, which will be vital to the company’s long-term success.

CBS (CBS -0.9%) CEO Les Moonves and his counterpart at Viacom (VIAVIAB +0.6%), Bob Bakish have met last week to discuss potential re – merger according to CNBC News report.

Shari Redstone, whose family’s National Amusements controls both companies, has pushed for the two to reunite after a split more than a decade ago.

Things have been going well for CBS (NYSE:CBS) as of late. The firm reported better than expected profitability and positive outlook for the year 2018.

CWEB Analyst have initiated a Buy Rating for (NYSE:CBS) and a Price Target of $90 within 12 months.

Read Full Article and Videos CWEB.com – Trending News, Blog, Shopping

Chart

Comments


CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Full Disclaimer

%d bloggers like this: