Carmike Cinemas Receives Average Recommendation of “Buy” from Brokerages (NASDAQ:CKEC)
Carmike Cinemas (NASDAQ:CKEC) has been given a consensus rating of “Buy” by the twelve ratings firms that are covering the stock, Stock Ratings Network reports. Two investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $26.68.
Carmike Cinemas (NASDAQ:CKEC) traded up 1.75% on Wednesday, hitting $30.25. The stock had a trading volume of 38,838 shares. Carmike Cinemas has a 52-week low of $14.95 and a 52-week high of $29.93. The stock has a 50-day moving average of $27.59 and a 200-day moving average of $23.68. The company has a market cap of $697.0 million and a price-to-earnings ratio of 5.87.
A number of research firms have recently commented on CKEC. Analysts at Maxim Group raised their price target on shares of Carmike Cinemas from $30.00 to $37.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Topeka Capital Markets initiated coverage on shares of Carmike Cinemas in a research note on Wednesday, February 19th. They set a “buy” rating on the stock. Finally, analysts at Benchmark Co. initiated coverage on shares of Carmike Cinemas in a research note on Tuesday, January 7th. They set a “buy” rating and a $33.01 price target on the stock.
Carmike Cinemas, Inc is a motion picture exhibitors in the United States. As of December 31, 2011, the Company owned, operated or had an interest in 237 theatres with 2,254 screens located in 35 states.
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