Zacks Investment Research upgraded shares of Lions Gate Entertainment (NYSE:LGF.A) from a sell rating to a hold rating in a report issued on Tuesday morning.
According to Zacks, “Lions Gate is witnessing growth in OTT and MVPD subscriber base owing to Starz premium programming like Power, American Gods and Outlander. Additionally, continued investments to produce premium content will help it retain and increase subscriber base. Moreover, partnerships with the likes of Amazon, Hulu and Liberty Global to showcase Starz’s content are likely to expand its international footprint and boost global subscriber growth. Further, the company’s efforts to enhance its competitive position with the help of strategic acquisitions and alliances bodes well. However, increasing competition from other media companies and streaming video service providers to gain share is expected to hurt the top line. Additionally, expenses related to restructuring its film slate business are likely to put pressure on fiscal 2019 results. Shares have underperformed the industry over the past year.”
LGF.A has been the subject of several other reports. Deutsche Bank raised shares of Lions Gate Entertainment from a hold rating to a buy rating and set a $26.00 target price for the company in a research note on Tuesday, December 18th. Evercore ISI lowered their price objective on shares of Lions Gate Entertainment from $31.00 to $26.00 and set an outperform rating for the company in a research note on Thursday, December 13th. Cowen raised shares of Lions Gate Entertainment from a market perform rating to an outperform rating in a research note on Friday, November 16th. Barrington Research reissued a buy rating and set a $27.00 price objective on shares of Lions Gate Entertainment in a research note on Tuesday, November 13th. Finally, ValuEngine raised shares of Lions Gate Entertainment from a strong sell rating to a sell rating in a research note on Friday, September 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $30.00.
Shares of LGF.A stock traded up $0.62 during midday trading on Tuesday, reaching $18.68. 29,218 shares of the company traded hands, compared to its average volume of 1,341,176. Lions Gate Entertainment has a 1-year low of $13.63 and a 1-year high of $36.48. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.85. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 15.24, a PEG ratio of 1.99 and a beta of 1.35.
Lions Gate Entertainment (NYSE:LGF.A) last issued its quarterly earnings data on Thursday, November 8th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.12. Lions Gate Entertainment had a return on equity of 6.53% and a net margin of 3.29%. The firm had revenue of $901.00 million during the quarter, compared to the consensus estimate of $890.24 million. Sell-side analysts forecast that Lions Gate Entertainment will post 0.82 earnings per share for the current fiscal year.
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