Ascent Capital Group Inc. Series A Hits New 52-Week High at $86.71 (ASCMA)
Shares of Ascent Capital Group Inc. Series A (NASDAQ:ASCMA) hit a new 52-week high during mid-day trading on Thursday, ARN reports. The stock traded as high as $86.71 and last traded at $86.38, with a volume of 24,555 shares trading hands. The stock had previously closed at $82.92.
ASCMA has been the subject of a number of recent research reports. Analysts at Imperial Capital upgraded shares of Ascent Capital Group Inc. Series A from an “in” rating to an “outperform” rating in a research note to investors on Monday, August 26th. They now have a $90.00 price target on the stock, up previously from $89.00. They noted that the move was a valuation call. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Ascent Capital Group Inc. Series A from a “hold” rating to a “sell” rating in a research note to investors on Friday, July 12th.
Ascent Capital Group Inc. Series A has a one year low of $55.61 and a one year high of $84.50. The stock has a 50-day moving average of $79.13 and a 200-day moving average of $75.19. The company’s market cap is $1.195 billion.
Ascent Capital Group Inc. Series A (NASDAQ:ASCMA) last announced its earnings results on Thursday, August 8th. The company reported $0.00 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.04. The company had revenue of $102.30 million for the quarter, compared to the consensus estimate of $104.69 million. On average, analysts predict that Ascent Capital Group Inc. Series A will post $-0.13 EPS for the current fiscal year.
Ascent Capital Group, Inc, formerly Ascent Media Corporation, is a holding company. The Company owns 100% interest of its operating subsidiary, Monitronics International Inc (NASDAQ:ASCMA).
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