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On Monday analysts at Canaccord Genuity boosted the rating and price target for Cablevision Systems Corporation ( CVC ) due to a higher revenue outlook in 2013.

The price target for the cable and broadcasting company went from $18 to $23. The new price target is a +25% increase from Friday's closing price of $18.39.

The analysts upgraded CVC from "Hold" to "Buy".

Canaccord Genuity noted, "Essentially, despite CVC's recent appreciation, we expect further gains due to improving FY13 financials. More specifically, we expect CVC will raise rates, which will translate to higher FY13 revenue, AOCF and FCF than we had previously estimated. Additionally, we would not be surprised if the company reduced its leverage ratio with the sale of the recently acquired Bresnan Communications. Longer term, we believe it's likely that the Dolan family attempts again (for the third time) to take the company private."

Cablevision shares were flat in premarket trading on Monday.

The Bottom Line
Shares of Cablevision Systems ( CVC ) have a 3.26% dividend yield, based on Friday's closing stock price of $18.39. The stock has technical support in the $15-$16 price area. If the shares can firm up, we see overhead resistance around the $19-$22 price levels.

Cablevision Systems Corporation ( CVC ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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