Cineplex Inc. (TSE:CGX - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$10.92 and traded as high as C$11.33. Cineplex shares last traded at C$11.27, with a volume of 163,878 shares traded.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on CGX. Canaccord Genuity Group increased their price objective on Cineplex from C$9.00 to C$10.50 and gave the stock a "hold" rating in a report on Thursday, April 16th. TD Securities decreased their price objective on Cineplex from C$17.00 to C$16.00 and set a "buy" rating for the company in a report on Friday, January 16th. Finally, Royal Bank Of Canada decreased their price objective on Cineplex from C$14.00 to C$13.00 and set an "outperform" rating for the company in a report on Tuesday, February 3rd. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$13.21.
Get Our Latest Stock Analysis on CGX
Cineplex Stock Performance
The company has a quick ratio of 0.22, a current ratio of 0.52 and a debt-to-equity ratio of -2,256.39. The firm has a market capitalization of C$715.26 million, a P/E ratio of -19.43, a P/E/G ratio of 0.30 and a beta of 0.10. The stock has a fifty day moving average of C$10.63 and a 200-day moving average of C$10.92.
Cineplex (TSE:CGX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 11th. The company reported C$0.01 earnings per share for the quarter. The firm had revenue of C$334.77 million during the quarter. Cineplex had a positive return on equity of 49.30% and a negative net margin of 2.84%. On average, research analysts anticipate that Cineplex Inc. will post 1.0754912 EPS for the current year.
About Cineplex
(
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Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.
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