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

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

CGX has been the topic of a number of other research reports. Canaccord Genuity Group boosted their price objective on shares of Cineplex from C$10.50 to C$11.50 and gave the stock a “hold” rating in a report on Tuesday, May 12th. National Bank Financial dropped their target price 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. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Cineplex currently has a consensus rating of “Buy” and a consensus price target of C$13.46.

Cineplex Price Performance

Shares of TSE CGX opened at C$12.00 on Friday. The company has a debt-to-equity ratio of -1,703.50, a quick ratio of 0.22 and a current ratio of 0.37. Cineplex has a one year low of C$9.15 and a one 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 PEG ratio of 0.30 and a beta of 0.35. The company’s fifty day moving average is C$11.48 and its two-hundred day moving average is 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. The company had revenue of C$290.98 million during the quarter. Cineplex had a negative net margin of 1.72% and a positive return on equity of 27.72%. Analysts forecast that Cineplex will post 1.0754912 EPS for the current fiscal 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.