Cineplex (TSE:CGX) Upgraded at TD Securities

TD Securities upgraded shares of Cineplex (TSE:CGX) to a strong-buy rating in a research report sent to investors on Friday,Zacks.com reports.

Several other equities analysts have also commented on CGX. National Bank Financial decreased their price objective on shares of Cineplex from C$14.00 to C$13.50 and set an “outperform” rating for the company in a research report on Tuesday, May 12th. Canaccord Genuity Group boosted their target price on shares of Cineplex from C$10.50 to C$11.50 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Cineplex has a consensus rating of “Buy” and an average price target of C$13.46.

Cineplex Trading Up 1.7%

Shares of TSE:CGX opened at C$12.00 on Friday. The business’s 50-day moving average is C$11.48 and its 200 day moving average is C$10.83. Cineplex has a 1 year low of C$9.15 and a 1 year high of C$12.72. The firm has a market capitalization of C$756.04 million, a P/E ratio of -33.33, a P/E/G ratio of 0.30 and a beta of 0.35. The company has a debt-to-equity ratio of -1,703.50, a current ratio of 0.37 and a quick ratio of 0.22.

Cineplex (TSE:CGX) last issued its quarterly earnings results on Monday, May 11th. The company reported C($0.36) earnings per share for the quarter. Cineplex had a positive return on equity of 27.72% and a negative net margin of 1.72%.The business had revenue of C$290.98 million during the quarter. On average, research analysts predict that Cineplex will post 1.0754912 earnings per share for the current fiscal year.

About Cineplex

Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance. The media segment includes cinema media and digital place-based media operations. The amusement and leisure reporting segment manages the operation and distribution of gaming and vending equipment. Formerly housed in the amusement and leisure segment, the location-based entertainment business derives revenue from entertainment restaurant chains like The Rec Room and Playdium.