Regal Entertainment Group Reaches New 12-Month High at $20.14 (RGC)
Regal Entertainment Group (NYSE:RGC)’s share price reached a new 52-week high during trading on Friday, Analyst Ratings Network reports. The stock traded as high as $20.14 and last traded at $19.92, with a volume of 1,974,929 shares traded. The stock had previously closed at $19.13.
A number of analysts have recently weighed in on RGC shares. Analysts at TheStreet downgraded shares of Regal Entertainment Group from a “buy” rating to a “hold” rating in a research note to investors on Thursday. Separately, analysts at Wunderlich reiterated a “buy” rating on shares of Regal Entertainment Group in a research note to investors on Tuesday, December 31st. They now have a $28.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Regal Entertainment Group from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 25th. They now have a $21.70 price target on the stock. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $21.58.
Regal Entertainment Group has a 1-year low of $14.17 and a 1-year high of $19.95. The stock has a 50-day moving average of $19. and a 200-day moving average of $18.. The company has a market cap of $3.069 billion and a price-to-earnings ratio of 17.34.
Regal Entertainment Group (NYSE:RGC) last announced its earnings results on Thursday, October 24th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.10. The company had revenue of $813.10 million for the quarter, compared to the consensus estimate of $796.23 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 17.3% on a year-over-year basis. Analysts expect that Regal Entertainment Group will post $1.12 EPS for the current fiscal year.
Regal Entertainment Group (NYSE:RGC) is the parent company of Regal Entertainment Holdings, Inc (REH).
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