Regal Entertainment Group Rating Lowered to Neutral at Ned Davis Research (RGC)
Regal Entertainment Group (NYSE:RGC) was downgraded by Ned Davis Research from a “buy” rating to a “neutral” rating in a research note issued on Tuesday, AnalystRatings.Net reports.
Regal Entertainment Group (NYSE:RGC) traded up 0.71% on Tuesday, hitting $19.85. The stock had a trading volume of 222,088 shares. Regal Entertainment Group has a 52-week low of $14.50 and a 52-week high of $20.14. The stock’s 50-day moving average is $19.43 and its 200-day moving average is $18.99. The company has a market cap of $3.075 billion and a price-to-earnings ratio of 17.87.
RGC has been the subject of a number of other recent research reports. 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, January 9th. 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 equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $21.58.
Regal Entertainment Group (NYSE:RGC) is the parent company of Regal Entertainment Holdings, Inc (REH).
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