Multimedia Games Holding Co. Stock Rating Upgraded by Janney Montgomery Scott (MGAM)
Multimedia Games Holding Co. (NASDAQ:MGAM) was upgraded by equities researchers at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a research report issued on Monday, TheFlyOnTheWall.com reports. The firm currently has a $37.00 price objective on the stock, up from their previous price objective of $34.00. Janney Montgomery Scott’s price objective points to a potential upside of 11.38% from the stock’s previous close.
Separately, analysts at Thomson Reuters/Verus downgraded shares of Multimedia Games Holding Co. from a “buy” rating to a “hold” rating in a research note to investors on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $38.25.
Shares of Multimedia Games Holding Co. (NASDAQ:MGAM) traded up 5.83% on Monday, hitting $33.22. 1,124,397 shares of the company’s stock traded hands. Multimedia Games Holding Co. has a one year low of $14.00 and a one year high of $40.15. The stock has a 50-day moving average of $29.98 and a 200-day moving average of $32.50. The company has a market cap of $983.0 million and a price-to-earnings ratio of 27.54.
Multimedia Games Holding Co. (NASDAQ:MGAM) last announced its earnings results on Thursday, November 14th. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.06. Analysts expect that Multimedia Games Holding Co. will post $1.26 EPS for the current fiscal year.
Multimedia Games Holding Company, Inc, formerly Multimedia Games, Inc, designs, manufactures and supplies gaming machines and systems to casino operators in North America, domestic and selected international lottery operators, and commercial bingo gaming facility operators.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.