Cablevision Systems (CVC) Bonds Rise 1.3% During Trading
An issue of Cablevision Systems Co. (NYSE:CVC) bonds rose 1.3% as a percentage of their face value during trading on Wednesday. The high-yield issue of debt has a 5.875% coupon and will mature on September 15, 2022. The bonds in the issue are now trading at $101.50 and were trading at $98.97 one week ago. Price changes in a company’s bonds in credit markets often predict parallel changes in its stock price.
Shares of Cablevision Systems Co. (NYSE CVC) traded down $0.01 during trading hours on Friday, reaching $34.87. 2,502,200 shares of the company traded hands, compared to its average volume of 2,988,548. Cablevision Systems Co. has a 12-month low of $21.37 and a 12-month high of $34.91. The firm has a market cap of $9,630.00, a price-to-earnings ratio of 42.52 and a beta of 0.91.
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Cablevision Systems Company Profile
Cablevision Systems Corporation (Cablevision), through its subsidiary, CSC Holdings, LLC (CSC Holdings), operates cable operations business in the United States. The Company operates in three segments: Cable, Lightpath and Other. The Company’s Cable segment offers Cable television service, which delivers multiple channels of video programming to subscribers who pay a monthly fee for the services they receive.
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