Starz Entertainment Corp. (NASDAQ:STRZ) Receives $20.00 Consensus Price Target from Analysts

Starz Entertainment Corp. (NASDAQ:STRZ) has been given a consensus rating of “Hold” by the nine brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $20.00.

STRZ has been the topic of a number of recent research reports. Weiss Ratings restated a “sell (e)” rating on shares of Starz Entertainment in a research note on Monday, December 29th. Morgan Stanley dropped their price target on Starz Entertainment from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Friday, November 14th. Wall Street Zen downgraded Starz Entertainment from a “hold” rating to a “sell” rating in a research note on Sunday, December 21st. Finally, JPMorgan Chase & Co. decreased their price objective on Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, November 17th.

Hedge Funds Weigh In On Starz Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Liberty 77 Capital L.P. purchased a new position in shares of Starz Entertainment during the 2nd quarter worth approximately $28,987,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Starz Entertainment during the second quarter worth $806,000. Peregrine Capital Management LLC purchased a new position in Starz Entertainment in the second quarter worth $654,000. Jefferies Financial Group Inc. acquired a new stake in Starz Entertainment in the second quarter valued at $4,470,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Starz Entertainment in the second quarter valued at $1,573,000.

Starz Entertainment Stock Performance

STRZ stock opened at $9.22 on Thursday. The company’s 50 day moving average price is $10.55 and its 200 day moving average price is $11.75. Starz Entertainment has a fifty-two week low of $8.00 and a fifty-two week high of $22.98.

About Starz Entertainment

Starz Entertainment (NASDAQ: STRZ) is a global media and entertainment company that operates premium subscription video services across linear television and digital streaming platforms. The company’s core offering includes the STARZ and STARZ ENCORE linear networks in the United States, alongside its STARZPLAY streaming service, which is available in North America, parts of Europe, Latin America and select Asian markets. Through its multi-platform distribution strategy, Starz delivers a combination of original programming, feature films and licensed series to a broad subscriber base.

At the heart of Starz Entertainment’s business is its investment in original content production.