Morgan Stanley Issues Pessimistic Forecast for Starz Entertainment (NASDAQ:STRZ) Stock Price

Starz Entertainment (NASDAQ:STRZ) had its target price decreased by analysts at Morgan Stanley from $13.00 to $12.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would indicate a potential downside of 1.15% from the stock’s current price.

A number of other brokerages also recently commented on STRZ. Wall Street Zen downgraded Starz Entertainment from a “hold” rating to a “sell” rating in a report on Sunday, December 21st. Weiss Ratings reiterated a “sell (e)” rating on shares of Starz Entertainment in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Starz Entertainment from $16.00 to $13.00 and set a “neutral” rating for the company in a research report on Monday, November 17th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $19.80.

Starz Entertainment Trading Up 7.3%

Shares of STRZ stock opened at $12.14 on Monday. The company’s fifty day moving average price is $10.36 and its two-hundred day moving average price is $11.54. Starz Entertainment has a 12 month low of $8.00 and a 12 month high of $22.98.

Hedge Funds Weigh In On Starz Entertainment

A number of hedge funds have recently added to or reduced their stakes in STRZ. Russell Investments Group Ltd. bought a new stake in Starz Entertainment during the second quarter valued at $28,000. CWM LLC bought a new stake in shares of Starz Entertainment during the 2nd quarter valued at about $33,000. Advisory Services Network LLC acquired a new stake in Starz Entertainment during the third quarter worth about $36,000. BNP Paribas Financial Markets lifted its holdings in Starz Entertainment by 101.8% in the third quarter. BNP Paribas Financial Markets now owns 2,525 shares of the company’s stock worth $37,000 after acquiring an additional 1,274 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in Starz Entertainment in the second quarter valued at approximately $41,000.

About Starz Entertainment

Starz Entertainment (NASDAQ: STRZ) is a global media and entertainment company that operates premium subscription video services across linear television and digital streaming platforms. The company’s core offering includes the STARZ and STARZ ENCORE linear networks in the United States, alongside its STARZPLAY streaming service, which is available in North America, parts of Europe, Latin America and select Asian markets. Through its multi-platform distribution strategy, Starz delivers a combination of original programming, feature films and licensed series to a broad subscriber base.

At the heart of Starz Entertainment’s business is its investment in original content production.