Cineplex (OTCMKTS:CPXGF) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Cineplex Inc. (OTCMKTS:CPXGF)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $8.57 and traded as high as $8.8254. Cineplex shares last traded at $8.8254, with a volume of 30,800 shares traded.

Wall Street Analyst Weigh In

CPXGF has been the subject of a number of recent analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Cineplex in a research note on Wednesday, August 13th. BMO Capital Markets restated a “market perform” rating on shares of Cineplex in a report on Friday, October 17th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Cineplex Trading Down 0.3%

The company has a fifty day moving average price of $8.57 and a two-hundred day moving average price of $8.36.

Cineplex Company Profile

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.