Cineplex (TSE:CGX) Upgraded to Strong-Buy at TD Securities

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

Several other equities research analysts also recently weighed in on the stock. National Bank Financial reduced 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 report on Tuesday, May 12th. Canaccord Genuity Group raised their target price on shares of Cineplex from C$10.50 to C$11.50 and gave the company a “hold” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$13.46.

Cineplex Stock Performance

Shares of CGX stock opened at C$12.00 on Friday. Cineplex has a 12-month low of C$9.15 and a 12-month high of C$12.72. 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. The firm has a market capitalization of C$756.04 million, a price-to-earnings ratio of -33.33, a price-to-earnings-growth ratio of 0.30 and a beta of 0.35. The business has a 50 day simple moving average of C$11.48 and a 200 day simple moving average of C$10.82.

Cineplex (TSE:CGX) last announced its quarterly earnings results on Monday, May 11th. The company reported C($0.36) earnings per share (EPS) 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 for the quarter. On average, equities research analysts anticipate that Cineplex will post 1.0754912 EPS for the current year.

Cineplex Company Profile

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.