Lions Gate Entertainment Co. Class A Voting Shares (NASDAQ:LGF.A) Raised to Hold at Zacks Investment Research
Lions Gate Entertainment Co. Class A Voting Shares (NASDAQ:LGF.A) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Tuesday, July 4th.
According to Zacks, “Lions Gate has outperformed the industry in the past three months. In an effort to maximize return and build a diversified portfolio, the company has been making strategic investments and buyouts, such as that of Starz. The addition of Starz is helping Lions Gate to emerge as a major player in the TV space and help it to regain lost ground in streaming network. Moreover, with the increasing popularity of eSports, Lions Gate Entertainment has invested in The Immortals. The company expects eSports market to grow over $1 billion by the next year. On the other contrary, the company’s EBITDA guidance for fiscal 2018 did not impress investors as it is expected to be at the lower end of the projected long-term growth range of low-to-mid teens. Moreover, fewer movie releases in fiscal 2018 compared with the previous year may hurt the company’s Motion Pictures revenues performance.”
Other analysts also recently issued reports about the company. B. Riley reiterated a “buy” rating and set a $36.00 target price on shares of Lions Gate Entertainment Co. Class A Voting Shares in a research note on Sunday, June 4th. SunTrust Banks, Inc. upgraded Lions Gate Entertainment Co. Class A Voting Shares from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Rosenblatt Securities reiterated a “buy” rating on shares of Lions Gate Entertainment Co. Class A Voting Shares in a research note on Friday, April 7th. Canaccord Genuity initiated coverage on Lions Gate Entertainment Co. Class A Voting Shares in a research note on Tuesday, April 4th. They set a “buy” rating and a $30.00 target price on the stock. Finally, TheStreet upgraded Lions Gate Entertainment Co. Class A Voting Shares from a “d” rating to a “c-” rating in a research note on Monday, June 19th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $32.00.
ILLEGAL ACTIVITY WARNING: This piece was originally posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another domain, it was illegally stolen and republished in violation of United States & international trademark and copyright legislation. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/04/lions-gate-entertainment-co-class-a-voting-shares-nasdaqlgf-a-stock-rating-upgraded-by-zacks-investment-research-updated-updated-updated.html.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Lions Gate Entertainment Co. Class A Voting Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lions Gate Entertainment Co. Class A Voting Shares and related stocks with our FREE daily email newsletter.