Piper Jaffray Lowers Ascent Capital Group Price Target to $70.00 (ASCMA)
Investment analysts at Piper Jaffray decreased their price target on shares of Ascent Capital Group (NASDAQ:ASCMA) from $88.00 to $70.00 in a note issued to investors on Friday. Piper Jaffray’s target price would suggest a potential upside of 11.77% from the stock’s previous close.
Ascent Capital Group (NASDAQ:ASCMA) opened at 62.63 on Friday. Ascent Capital Group has a 52-week low of $59.31 and a 52-week high of $89.04. The stock’s 50-day moving average is $62.69 and its 200-day moving average is $68.3. The company’s market cap is $864.8 million.
Ascent Capital Group, Inc (NASDAQ:ASCMA), formerly Ascent Media Corporation, is a holding company.
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