National CineMedia (NASDAQ:NCMI) Given Buy Rating at Wedbush

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National CineMedia (NASDAQ:NCMI)‘s stock had its “buy” rating reiterated by stock analysts at Wedbush in a note issued to investors on Friday, AnalystRatings.com reports. They presently have a $9.00 price target on the business services provider’s stock. Wedbush’s target price would indicate a potential upside of 16.88% from the stock’s previous close.

Several other equities research analysts also recently weighed in on NCMI. Barrington Research raised National CineMedia from a “market perform” rating to an “outperform” rating and set a $9.50 price objective for the company in a report on Thursday, November 7th. ValuEngine downgraded National CineMedia from a “sell” rating to a “strong sell” rating in a report on Monday. B. Riley downgraded National CineMedia from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $9.75 to $8.50 in a report on Tuesday, November 5th. Zacks Investment Research downgraded National CineMedia from a “hold” rating to a “sell” rating in a report on Thursday, January 30th. Finally, BidaskClub downgraded National CineMedia from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $9.70.

Shares of NCMI stock traded down $0.08 during trading hours on Friday, hitting $7.70. The stock had a trading volume of 3,640 shares, compared to its average volume of 249,517. The firm has a market capitalization of $610.15 million, a PE ratio of 17.91 and a beta of 0.69. National CineMedia has a twelve month low of $5.64 and a twelve month high of $8.93. The stock’s 50 day moving average is $7.56 and its 200 day moving average is $7.60.

Institutional investors have recently added to or reduced their stakes in the company. Aigen Investment Management LP purchased a new stake in shares of National CineMedia during the fourth quarter worth approximately $34,000. Amalgamated Bank purchased a new stake in shares of National CineMedia during the fourth quarter worth approximately $74,000. Great West Life Assurance Co. Can purchased a new stake in shares of National CineMedia during the fourth quarter worth approximately $78,000. SG Americas Securities LLC purchased a new stake in shares of National CineMedia during the fourth quarter worth approximately $97,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of National CineMedia during the third quarter worth approximately $109,000. Institutional investors and hedge funds own 92.03% of the company’s stock.

About National CineMedia

National CineMedia, Inc, through its subsidiary, National CineMedia, LLC, operates a digital in-theater network in North America. The company engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies.

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