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Cablevision Systems Corp. US12686C1099

Cablevision Systems upgraded to "buy"

04.02.08 - Deutsche Securities

NEW YORK, February 4 (newratings.com) - Analyst Doug Mitchelson of Deutsche Bank Securities upgrades Cablevision Systems Corp (CVC) to "buy." The target price has been raised from $37 to $38.

In a research note published this morning, the analyst mentions that the company is expected to continue to generate healthy operating growth, driven by advertising growth, SMB and PVR/HD ramp and faster speed data tiers. Cablevision Systems is likely to add a modest 478,000 net new RGUs in 2008, marking 5% growth to 10.085 million, the analyst says. Given the programming price hike, the company?s margins are expected to increase in 2008, Deutsche Bank Securities adds.


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