Redbox Entertainment Inc. (NASDAQ:RDBX – Get Rating) has been given an average recommendation of “Hold” by the eight brokerages that are currently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is 11.75.
A number of equities research analysts have recently commented on the company. BTIG Research cut Redbox Entertainment from a “buy” rating to a “neutral” rating in a research report on Monday, April 18th. Canaccord Genuity Group reduced their target price on Redbox Entertainment from $16.00 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, April 20th. Zacks Investment Research raised shares of Redbox Entertainment from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th. Wedbush cut shares of Redbox Entertainment from an “outperform” rating to a “neutral” rating in a research report on Wednesday. Finally, Canaccord Genuity Group dropped their target price on shares of Redbox Entertainment from $16.00 to $3.00 in a research report on Wednesday, April 20th.
Redbox Entertainment stock opened at 2.68 on Friday. Redbox Entertainment has a 12 month low of 1.61 and a 12 month high of 27.22. The stock’s 50 day simple moving average is 3.13 and its two-hundred day simple moving average is 6.07.
About Redbox Entertainment (Get Rating)
Redbox Entertainment Inc operates a network of self-service kiosks in the United States. It operates a network of approximately 38,000 self-service kiosks, where consumers could rent or purchase new-release DVDs and Blu-ray Discs. The company provides installation, merchandising, and break-fix services to other kiosk businesses.
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