Lions Gate Entertainment Co. Class A Voting Shares (NASDAQ:LGF.A) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “Lions Gate has underperformed the industry in the past one year. In the final quarter of fiscal 2017, the company’s earnings missed the estimate. Further, we noted that following the fourth-quarter results, estimate for both the first quarter and fiscal 2018 have witnessed downward revisions. The company’s EBITDA guidance for fiscal 2018 did not impress investors as it is expected to be at the lower end of the projected long-term growth range of low-to-mid teens. Moreover, fewer movie releases in fiscal 2018 compared with the previous year may hurt the company’s Motion Pictures revenues performance. However, in an effort to maximize return and build a diversified portfolio, the company has been making strategic investments and buyouts, such as that of Starz. The addition of Starz will aid it to become a major player in the TV space and help it to regain lost ground in streaming network.”

Other research analysts have also issued research reports about the stock. B. Riley reiterated a “buy” rating and issued a $36.00 price objective on shares of Lions Gate Entertainment Co. Class A Voting Shares in a research note on Monday, March 13th. SunTrust Banks, Inc. began coverage on shares of Lions Gate Entertainment Co. Class A Voting Shares in a research note on Thursday, March 30th. They issued a “hold” rating on the stock. Canaccord Genuity assumed coverage on shares of Lions Gate Entertainment Co. Class A Voting Shares in a research note on Tuesday, April 4th. They issued a “buy” rating and a $30.00 price objective on the stock. Rosenblatt Securities restated a “buy” rating on shares of Lions Gate Entertainment Co. Class A Voting Shares in a research note on Friday, April 7th. Finally, TheStreet upgraded shares of Lions Gate Entertainment Co. Class A Voting Shares from a “d” rating to a “c-” rating in a research note on Monday, June 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. Lions Gate Entertainment Co. Class A Voting Shares currently has an average rating of “Buy” and an average target price of $31.83.

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