Separately, TheStreet downgraded shares of CBS from a b rating to a c+ rating in a research note on Monday, August 5th.
Shares of NYSE:CBS.A traded up $1.02 on Wednesday, hitting $43.35. The stock had a trading volume of 14,246 shares, compared to its average volume of 10,562. CBS has a twelve month low of $41.48 and a twelve month high of $59.01. The company has a debt-to-equity ratio of 2.15, a quick ratio of 1.14 and a current ratio of 1.65. The firm’s 50 day moving average price is $44.88 and its 200-day moving average price is $48.58. The company has a market capitalization of $16.24 billion, a price-to-earnings ratio of 8.22 and a beta of 1.07.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, September 10th were paid a $0.18 dividend. The ex-dividend date of this dividend was Monday, September 9th. This represents a $0.72 annualized dividend and a dividend yield of 1.66%.
CBS Company Profile
CBS 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.
Further Reading: What causes a yield curve to invert?
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