A study of analyst recommendations at the major brokerages shows that CBS Corp (Symbol: CBS) is the #28 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period. In forming the rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the list of stocks with strong buyback activity was ranked according to those averages.
CBS operates in the Television & Radio sector, among companies like Charter Communications Inc (CHTR) which is off about 2% today, and Spotify Technology SA (SPOT) trading lower by about 2.7%. Below is a three month price history chart comparing the stock performance of CBS, versus CHTR and SPOT.
CBS is currently trading down about 3% midday Monday.
Top Analyst Picks With Strong Stock Buyback Activity »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.