Zacks Investment Research upgraded shares of Lions Gate Entertainment Co. Class A Voting Shares (NASDAQ:LGF.A) from a hold rating to a strong-buy rating in a research note released on Wednesday. Zacks Investment Research currently has $35.00 price target on the stock.

According to Zacks, “Lions Gate Entertainment has outpaced the industry in the past three months. The company had an encouraging start to the fiscal 2018, with both earnings and revenues not only surpassing the Zacks Consensus Estimate but also increasing year over year. In an effort to maximize returns and build a diversified portfolio, it has been making strategic investments and buyouts, such as that of Starz. Notably, the addition of Starz is aiding Lions Gate to emerge as a major player in the TV space and helping it regain lost ground in streaming network. Moreover, Lions Gate has invested in The Immortals, to capitalize on the increasing popularity of eSports. It expects eSports market to grow over $1 billion by the next year. However, fewer movie releases in fiscal 2018 compared with the previous year may hurt Motion Pictures revenue performance. Dismal television production performance in the past few quarters has been also a concern for investors.”

LGF.A has been the subject of a number of other research reports. Rosenblatt Securities restated a buy rating on shares of Lions Gate Entertainment Co. Class A Voting Shares in a report on Tuesday, July 4th. Royal Bank Of Canada increased their target price on Lions Gate Entertainment Co. Class A Voting Shares from $32.00 to $35.00 and gave the company an outperform rating in a report on Wednesday, August 9th. Cowen and Company restated a hold rating and issued a $25.00 target price on shares of Lions Gate Entertainment Co. Class A Voting Shares in a report on Friday, July 28th. UBS AG lowered Lions Gate Entertainment Co. Class A Voting Shares from a buy rating to a neutral rating in a report on Wednesday, October 4th. Finally, FBR & Co restated an outperform rating and issued a $29.00 target price (up previously from $27.00) on shares of Lions Gate Entertainment Co. Class A Voting Shares in a report on Wednesday, June 28th. Four investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $33.16.

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