National CineMedia (NASDAQ:NCMI) Downgraded by ValuEngine
Other equities research analysts have also issued reports about the company. Barrington Research raised National CineMedia from a market perform rating to an outperform rating and set a $9.50 target price for the company in a research report on Thursday, November 7th. Zacks Investment Research downgraded National CineMedia from a hold rating to a sell rating in a research note on Thursday, January 30th. B. Riley downgraded National CineMedia from a buy rating to a neutral rating and cut their price target for the stock from $9.75 to $8.50 in a research note on Tuesday, November 5th. Wedbush reiterated a buy rating and set a $9.00 price target on shares of National CineMedia in a research note on Tuesday, November 5th. Finally, BidaskClub downgraded National CineMedia from a buy rating to a hold rating in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of $9.70.
Shares of National CineMedia stock traded down $0.05 during trading hours on Monday, hitting $7.73. 12,160 shares of the company’s stock traded hands, compared to its average volume of 249,517. National CineMedia has a 12-month low of $5.64 and a 12-month high of $8.93. The stock has a market capitalization of $610.15 million, a price-to-earnings ratio of 17.98 and a beta of 0.69. The company has a fifty day simple moving average of $7.56 and a 200-day simple moving average of $7.60.
About National CineMedia
National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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