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

Cineplex (TSE:CGX) was upgraded by stock analysts at TD Securities to a “strong-buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

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

Cineplex Trading Up 1.7%

CGX stock opened at C$12.00 on Friday. Cineplex has a twelve month low of C$9.15 and a twelve month high of C$12.72. The stock 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 firm’s fifty day simple moving average is C$11.48 and its two-hundred day simple moving average is C$10.82. The company has a quick ratio of 0.22, a current ratio of 0.37 and a debt-to-equity ratio of -1,703.50.

Cineplex (TSE:CGX) last announced its quarterly earnings data 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 company had revenue of C$290.98 million during the quarter. As a group, analysts anticipate that Cineplex will post 1.0754912 earnings per share 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.