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An unlikely winner during correction: Cablevision

Cablevision headquarters is shown in Bethpage, N.Y.
Jin Lee | Bloomberg | Getty Images
Cablevision headquarters is shown in Bethpage, N.Y.

Cablevision rallied 5 percent for the week through Wednesday as Wall Street speculates the company is an acquisition target.

The cable television provider is one of the best-performing stocks this year, up 28 percent compared to the S&P 500 down 5 percent. Even during one of the worst breadth days in years, Cablevision was one of only three stocks to close up in the benchmark Tuesday.

CNBC Pro reached out to Wall Street analysts and here is what they said…

1) The acquisition potential is real:

When reached for comment eight analysts said takeover speculation was the primary reason for Cablevision's recent equity strength, with all of them citing Altice by name.


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