Analysts Set Starz Entertainment Corp. (NASDAQ:STRZ) Price Target at $20.00

Starz Entertainment Corp. (NASDAQ:STRZ) has earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $20.00.

A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective 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. Morgan Stanley cut their price objective on shares of Starz Entertainment from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Friday, November 14th. Wall Street Zen lowered Starz Entertainment from a “hold” rating to a “sell” rating in a research note on Sunday, December 21st. Finally, Weiss Ratings restated a “sell (e)” rating on shares of Starz Entertainment in a report on Monday, December 29th.

Institutional Investors Weigh In On Starz Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Liberty 77 Capital L.P. acquired a new stake in Starz Entertainment during the 2nd quarter worth about $28,987,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Starz Entertainment in the second quarter worth approximately $806,000. Peregrine Capital Management LLC purchased a new stake in shares of Starz Entertainment in the second quarter worth approximately $654,000. Jefferies Financial Group Inc. acquired a new stake in shares of Starz Entertainment during the second quarter worth approximately $4,470,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in Starz Entertainment during the second quarter valued at approximately $1,573,000.

Starz Entertainment Stock Performance

Shares of STRZ opened at $9.28 on Thursday. The business’s fifty day moving average price is $10.39 and its 200 day moving average price is $11.65. Starz Entertainment has a 12-month low of $8.00 and a 12-month high of $22.98.

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.