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We Expect Mediacom Communications Shares To Remain Under Pressure During Next 12 Months - Friedman, Billing, Ramsey Comments

(RealTimeTraders.com) - Friday, Friedman, Billing, Ramsey initiated coverage of Mediacom Communications Corp. (MCCC) shares with an Underperform rating with a price target of $6.50.

Analyst Alan Bezoza expects MCCC shares to remain under pressure during the next 12 months as the company struggles to combat market share losses to DBS providers. Concluding, the analyst believes Mediacom’s new initiatives may take some time to bear fruit.

Currently, the stock is trading $0.05 up at $7.85.

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