Orlando, FL -- (SBWIRE) -- 09/19/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Cliffs Natural Resources Inc(NYSE:CLF), Cablevision Systems Corporation (NYSE:CVC).
Cliffs Natural Resources Inc(NYSE:CLF) shares increased 4.68% to $23.49. The company on Sept. 10 announced that on Sept. 9, 2013 its Board of Directors declared a quarterly cash dividend on the Company's 7.00% Series A Mandatory Convertible Preferred Stock, Class A ("Series A preferred stock"), of $17.50 per share, which is equivalent to approximately $0.4375 per depositary share, each representing 1/40th of a share of Series A preferred stock. The cash dividend will be payable on Nov. 1, 2013 to shareholders of record as of the close of business on Oct. 15, 2013.
Additionally, FBR Capital Markets announced on Sept. 12 that it has cut its rating on mining company Cliffs Natural Resources Inc (CLF). The firm has downgraded CLF from “Outperform” to “Market Perform.”
Are investors worried about the recent updates with CLF? Find out with a free trend analysis HERE
Cablevision Systems Corporation (NYSE:CVC) shares increased 0.74% to $17.58. CVC‘s stock had its “hold” rating reaffirmed by stock analysts at Pivotal Research in a report issued on Sept. 17. Separately, analysts at Nomura reiterated a “hold” rating on shares of Cablevision Systems Corp. in a research note to investors on Tuesday, September 17. They now have a $20.00 price target on the stock.
The company announced its earnings results on Friday, August 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.06. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.58 billion.
Is CVC going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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