Citigroup Gets Less Bullish on Disney, CBS

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Entertainment giants Walt Disney Company ( DIS ) and CBS Corporation ( CBS ) both caught big downgrades from analysts at Citigroup on Monday.

The firm said it lowered its rating on DIS and CBS from "Buy" to "Neutral." It had previously upgraded the stocks to "Buy" back in October.

CBS shares fell 96 cents, or -2.9%, in premarket trading Monday, while DIS lost 73 cents, or -1.7%.

The Bottom Line
Shares of CBS Corporation ( CBS ) have a 1.20% dividend yield, based on Friday's closing stock price of $33.33. The stock has technical support in the $29-$30 price area. The stock is trading near all-time highs. Shares of Walt Disney ( DIS ) have a 1.39% dividend yield, based on Friday's closing stock price of $43.08. The stock has technical support in the $38-$40 price area. The stock is trading near all-time highs.

Both The Walt Disney Company ( DIS ) and CBS Corporation ( CBS ) are currently rated "Neutral" by Dividend.com.

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

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



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: CBS , DIS

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