National CineMedia (NASDAQ: NCMI) was downgraded by investment analysts at Imperial Capital to an “outperform” rating in a note issued to investors on Monday.
Shares of National CineMedia traded down 0.73% during mid-day trading on Monday, hitting $13.64. National CineMedia has a 52 week low of $11.21 and a 52 week high of $18.54. The company has a market cap of $735.7 million and a P/E ratio of 23.09.
National CineMedia last announced its earnings results on Thursday, May 3rd. The company reported ($0.02) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.05) by $0.03. National CineMedia’s revenue was up 11.7% compared to the same quarter last year. On average, analysts predict that National CineMedia will post $0.30 earnings per share next quarter.
Several other analysts have also recently commented on the stock. Analysts at Hudson Square Research cut their price target on shares of National CineMedia from $26.00 to $23.00 in a research note to investors on Monday. Separately, analysts at Barrington Research initiated coverage on shares of National CineMedia in a research note to investors on Wednesday, April 18th. They set a “market perform” rating on the stock. Finally, analysts at Morgan Stanley (NYSE: MS) raised their price target on shares of National CineMedia to $15.00 in a research note to investors on Wednesday, March 14th.
National CineMedia, Inc. (NCM, Inc.) is a holding company that manages its subsidiary, National CineMedia, LLC (NCM LLC).
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