Recent Investment Analysts’ Ratings Changes for Reading International (RDI)

A number of research firms have changed their ratings and price targets for Reading International (NASDAQ: RDI):

  • 2/9/2018 – Reading International was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Reading International, Inc. is engaged primarily in the ownership and management of commercial and residential property. “
  • 2/7/2018 – Reading International was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 2/2/2018 – Reading International was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Reading International, Inc. is engaged primarily in the ownership and management of commercial and residential property. “
  • 1/25/2018 – Reading International was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 1/16/2018 – Reading International was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Reading International, Inc. is engaged primarily in the ownership and management of commercial and residential property. “
  • 12/22/2017 – Reading International was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Reading International, Inc. (NASDAQ RDI) opened at $16.09 on Wednesday. The company has a market capitalization of $367.88, a P/E ratio of 15.62 and a beta of 1.30. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.55 and a quick ratio of 1.55. Reading International, Inc. has a 12-month low of $14.37 and a 12-month high of $17.43.

In other news, insider James J. Cotter, Jr. sold 50,000 shares of Reading International stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $15.98, for a total value of $799,000.00. Following the completion of the transaction, the insider now owns 373,604 shares in the company, valued at approximately $5,970,191.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 25.57% of the stock is currently owned by company insiders.

Reading International, Inc (RDI) is engaged in the development, ownership and operation of multiplex cinemas in the United States, Australia, and New Zealand, and the development, ownership and operation of retail and commercial real estate in the United States, Australia and New Zealand. RDI operates through two segments: cinema exhibition and real estate.

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