Lions Gate Entertainment Co. Class A Voting Shares (NASDAQ:LGF.A) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday. The firm currently has a $35.00 price target on the stock.

According to Zacks, “Lions Gate Entertainment has outpaced the industry in the past three months. The company had an encouraging start to the fiscal 2018, with both earnings and revenues not only surpassing the Zacks Consensus Estimate but also increasing year over year. In an effort to maximize returns and build a diversified portfolio, it has been making strategic investments and buyouts, such as that of Starz. Notably, the addition of Starz is aiding Lions Gate to emerge as a major player in the TV space and helping it regain lost ground in streaming network. Moreover, Lions Gate has invested in The Immortals, to capitalize on the increasing popularity of eSports. It expects eSports market to grow over $1 billion by the next year. However, fewer movie releases in fiscal 2018 compared with the previous year may hurt Motion Pictures revenue performance. Dismal television production performance in the past few quarters has been also a concern for investors.”

Several other brokerages also recently issued reports on LGF.A. Rosenblatt Securities downgraded Lions Gate Entertainment Co. Class A Voting Shares from a “buy” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research report on Wednesday, October 4th. They noted that the move was a valuation call. UBS AG downgraded Lions Gate Entertainment Co. Class A Voting Shares from a “buy” rating to a “neutral” rating in a research report on Wednesday, October 4th. Deutsche Bank AG started coverage on Lions Gate Entertainment Co. Class A Voting Shares in a research report on Tuesday, June 27th. They set a “hold” rating for the company. FBR & Co reiterated an “outperform” rating and set a $29.00 price objective (up from $27.00) on shares of Lions Gate Entertainment Co. Class A Voting Shares in a research report on Wednesday, June 28th. Finally, Royal Bank Of Canada boosted their price objective on Lions Gate Entertainment Co. Class A Voting Shares from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Lions Gate Entertainment Co. Class A Voting Shares presently has a consensus rating of “Buy” and an average target price of $33.16.

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