DHX Media (TSE:DHX) was downgraded by analysts at CIBC from a “neutral” rating to an “underperform” rating in a note issued to investors on Wednesday. They presently have a C$2.50 target price on the stock, up from their previous target price of C$2.00. CIBC’s price objective suggests a potential downside of 11.03% from the company’s current price.

Several other research firms have also issued reports on DHX. Echelon Wealth Partners lowered shares of DHX Media from a “buy” rating to a “speculative buy” rating and decreased their price target for the stock from C$5.75 to C$3.75 in a research report on Friday, September 14th. National Bank Financial lifted their price objective on shares of DHX Media from C$1.50 to C$2.75 and gave the stock a “sector perform” rating in a research report on Wednesday. Royal Bank of Canada lowered their price objective on shares of DHX Media from C$4.00 to C$2.00 and set a “sector perform” rating on the stock in a research report on Friday, September 14th. Cormark lifted their price objective on shares of DHX Media from C$1.50 to C$1.80 in a research report on Wednesday, September 26th. Finally, BMO Capital Markets lifted their price objective on shares of DHX Media from C$1.50 to C$2.50 in a research report on Wednesday. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$2.72.

DHX Media stock opened at C$2.81 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.00 and a debt-to-equity ratio of 216.22. DHX Media has a 1 year low of C$1.09 and a 1 year high of C$3.52.

DHX Media (TSE:DHX) last posted its quarterly earnings results on Monday, September 24th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C($0.03) by C($0.01). The business had revenue of C$97.37 million for the quarter, compared to analysts’ expectations of C$121.50 million. Equities research analysts anticipate that DHX Media will post 0.02 earnings per share for the current year.

In related news, insider Douglas Edward John Lamb bought 20,000 shares of the firm’s stock in a transaction on Thursday, October 11th. The stock was bought at an average price of C$2.15 per share, with a total value of C$43,000.00. Also, insider David A. Regan sold 50,000 shares of DHX Media stock in a transaction on Tuesday, October 9th. The shares were sold at an average price of C$2.07, for a total transaction of C$103,500.00. Over the last quarter, insiders have acquired 80,500 shares of company stock worth $155,946.

About DHX Media

DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional and specialty terrestrial and cable/satellite television broadcasters worldwide. The company operates through three segments: Content Business, DHX Television, and Consumer Products Represented.

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Analyst Recommendations for DHX Media (TSE:DHX)

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