Cablevision Systems (CVC) Bonds Trading 1.1% Lower
An issue of Cablevision Systems Co. (NYSE:CVC) debt fell 1.1% against its face value during trading on Tuesday. The debt issue has a 5.875% coupon and will mature on September 15, 2022. The debt is now trading at $100.00 and was trading at $98.50 last week. Price changes in a company’s debt in credit markets often predict parallel changes in its share price.
Shares of Cablevision Systems Co. (CVC) opened at $34.87 on Thursday. Cablevision Systems Co. has a one year low of $21.37 and a one year high of $34.91. The company has a market capitalization of $9,630.00, a PE 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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