10 Best Media Stocks To Buy Right Now

10 Best Media Stocks To Buy Right Now: CBS Corporation(CBS)

CBS Corporation, together with its subsidiaries, operates as a mass media company in the United States and internationally. The company?s Entertainment segment distributes a schedule of news and public affairs broadcasts, sports, and entertainment programming; produces, acquires, and distributes programming, including series, specials, news, and public affairs; produces and distributes theatrical motion pictures across various genres; and operates online content networks for information and entertainment. Its Cable Networks segment owns and operates multiplexed channels that offers subscription program services, including recently released theatrical feature films, original series, documentaries, boxing, mixed martial arts and other sports-related programming, and special events; and CBS College Sports Network, a 24-hour cable program service related to college sports. This segment also owns and manages Smithsonian Networks, which operates Smithsonian Channel, a basic cab le service in the United States. The company?s Publishing segment publishes and distributes adult and children?s consumer books in printed, audio, and digital formats. Its Local Broadcasting segment owns 29 broadcast television stations; owns and operates 130 radio stations in 28 U.S. markets and related online properties; and owns local Websites that combine television and radio local media brands online to provide the latest news, traffic, weather, and sports information, as well as local discounts, directories, and reviews. The company?s Outdoor segment sells advertising space on various media, including billboards, transit shelters and other street furniture, buses, rail systems, mall kiosks, stadium signage, and in retail stores. CBS Corporation was founded in 1986 and is headquartered in New York, New York.

Advisors' Opinion:

• [By Shauna O'Brien]

  On Wednesday, Nomura Securities announced that it has started coverage on CBS ! Corporation (CBS).

  The firm has initiated coverage on CBS with a “Buy” rating and $75 price target. This price target suggests a 23% increase from Tuesday’s closing price of $60.65.

  Analyst Anthony DiClemente commented: “As the leader in broadcast television, CBS appears well equipped to skilfully transition its business to a digital future. We see two main reasons to own the stock: (1) We believe CBS is the best stock in Media to own on the theme of 2014E capital returns, owing to its publicly announced 1H14 IPO of CBS Outdoor; and (2) CBS continues to transition its revenue stream towards recurring monthly affiliate fees and in our view, higher visibility warrants a higher multiple. We consider these drivers to be underappreciated by investors, as CBS trades at a moderate discount to its Media peers on our estimates. Valuation Methodology: Target 2015E P/E of 19x. FY13E EPS at $2.99; FY14E EPS at $3.45.”

  CBS shares were mostly flat during pre-market trading Wednesday.

source from Top Penny Stocks For 2015:http://www.seekpennystocks.com/10-best-media-stocks-to-buy-right-now.html