Morgan Stanley Reiterates “Equal Weight” Rating for Starz Liberty Capital Series A (STRZA)
Starz Liberty Capital Series A (NASDAQ:STRZA)‘s stock had its “equal weight” rating restated by equities research analysts at Morgan Stanley in a research note issued to investors on Monday, ARN reports. They currently have a $26.00 price objective on the stock, up from their previous price objective of $22.00. Morgan Stanley’s price objective suggests a potential downside of 7.21% from the stock’s previous close.
The analysts wrote, “Starz is likely a 0-2% top line grower, with few major renewals limiting near-term downside risk, but limited pricing power to drive upside. However, high visibility and control over costs leads to steady FCF, and buybacks should drive healthy FCF/share growth. At 9x EV/EBITDA valuation appears full.”
Starz Liberty Capital Series A (NASDAQ:STRZA) traded up 1.28% on Monday, hitting $28.379. 287,745 shares of the company’s stock traded hands. Starz Liberty Capital Series A has a 1-year low of $11.3659 and a 1-year high of $28.37. The stock has a 50-day moving average of $25.62 and a 200-day moving average of $23.29. The company has a market cap of $3.319 billion and a price-to-earnings ratio of 14.47.
Starz Liberty Capital Series A (NASDAQ:STRZA) last released its earnings data on Thursday, August 1st. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.09. The company had revenue of $517.40 million for the quarter, compared to the consensus estimate of $406.74 million. During the same quarter in the previous year, the company posted $1.27 earnings per share. The company’s revenue for the quarter was up 28.5% on a year-over-year basis. Analysts expect that Starz Liberty Capital Series A will post $1.84 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at ISI Group initiated coverage on shares of Starz Liberty Capital Series A (NASDAQ:STRZA) in a research note to investors on Wednesday, September 11th. They set a “neutral” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Starz Liberty Capital Series A (NASDAQ:STRZA) in a research note to investors on Monday, August 5th. They now have a $22.00 price target on the stock, up previously from $18.00. Finally, analysts at Zacks upgraded shares of Starz Liberty Capital Series A (NASDAQ:STRZA) from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, July 10th. They now have a $23.20 price target on the stock. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. Starz Liberty Capital Series A presently has an average rating of “Hold” and an average price target of $21.86.
Starz, formerly Liberty Media Corporation, is an integrated global media and entertainment company with operating units that provide subscription video programming on domestic United States pay television channels (NASDAQ:STRZA), global content distribution (Starz Distribution) and animated television and movie production (Starz Animation).
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