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B.Riley FBR Reaffirms Their Buy Rating on Lions Gate Ent Corp Cl A (LGF.A)


B.Riley FBR analyst Barton Crockett reiterated a Buy rating on Lions Gate Ent Corp Cl A (LGF.A) today. The company’s shares opened today at $20.10, close to its 52-week low of $18.04.

Crockett noted:

“In our preview/update for Lions Gate, we had suggested a good quarter could be in store for Starz subscriber growth (see the note here.) What we got was a monster quarter, coupled with a surprising acceleration of revenue and EBITDA growth that looks very encouraging.”

According to TipRanks.com, Crockett is a 4-star analyst with an average return of 4.3% and a 54.6% success rate. Crockett covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Qurate Retail Group Inc, and Sinclair Broadcast.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Lions Gate Ent Corp Cl A with a $28.33 average price target, which is a 40.9% upside from current levels. In a report released today, Barrington also maintained a Buy rating on the stock with a $27 price target.

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The company has a one-year high of $36.48 and a one-year low of $18.04. Currently, Lions Gate Ent Corp Cl A has an average volume of 776.4K.

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Lions Gate Entertainment Corp. engages in motion picture production and distribution, television programming and syndication, home entertainment, family entertainment, digital distribution, new channel platforms and international distribution and sales.