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Regal Entertainment Group (NYSE:RGC) was upgraded by equities researchers at Citigroup Inc. from a “hold” rating to a “buy” rating in a research report issued on Thursday, Analyst RN reports. The firm currently has a $23.00 price objective on the stock, up from their previous price objective of $19.00. Citigroup Inc.’s price objective suggests a potential upside of 22.08% from the company’s current price.

A number of other analysts have also recently weighed in on RGC. Analysts at Topeka Capital Markets upgraded shares of Regal Entertainment Group from a “hold” rating to a “buy” rating in a research note on Thursday. They now have a $23.00 price target on the stock, up previously from $19.00. Finally, analysts at Benchmark Co. cut their price target on shares of Regal Entertainment Group to $18.63 in a research note on Friday, February 14th. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $21.41.

Regal Entertainment Group (NYSE:RGC) traded up 1.11% on Thursday, hitting $19.05. The stock had a trading volume of 1,491,188 shares. Regal Entertainment Group has a 52 week low of $16.47 and a 52 week high of $20.14. The stock’s 50-day moving average is $18.86 and its 200-day moving average is $19.16. The company has a market cap of $2.958 billion and a price-to-earnings ratio of 21.93.

Regal Entertainment Group (NYSE:RGC) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. The company had revenue of $726.90 million for the quarter, compared to the consensus estimate of $716.39 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. Analysts expect that Regal Entertainment Group will post $1.17 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, June 13th. Investors of record on Tuesday, June 3rd will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date of this dividend is Friday, May 30th.

Regal Entertainment Group (NYSE:RGC) is the parent company of Regal Entertainment Holdings, Inc (REH).

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