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Upgrade Alert for CBS (CBS)

By Nick Russo

CBS (NYSE:CBS) was upgraded from Sell to Buy at UBS today. The stock closed yesterday at $55.55 on volume of 5.7 million shares, above average daily volume of 3.7 million.

Over the past year, CBS has traded in a range of $38.51 to $63.95 and closed yesterday at $55.55, 44% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

CBS Corporation is a multimedia company that operates broadcasting, television production, and publishing businesses. The Company operates television and radio stations, produces and syndicates television programs, publishes books, provides online content as well as provides outdoor advertising.

CBS has overhead space with shares priced $55.55, or 4.1% below the average consensus analyst price target of $57.90. CBS shares have support at the 50-day moving average (MA) of $53.82 and additional support at the 200-day MA of $48.43.

SmarTrend is monitoring the recent change of momentum in CBS. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of CBS in search of a potential trend change.

Keywords: analyst upgrades/downgrades

Ticker(s): CBS