.png "National Cinemedia (NASDAQ: NCMI)")
In a report released today, Michael Pachter from Wedbush maintained a Hold rating on National Cinemedia (NCMI), with a price target of $8. The company’s shares closed yesterday at $7.46.
According to TipRanks.com, Pachter is a 2-star analyst with an average return of 0.4% and a 52.7% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, AMC Entertainment, and Amazon.com Inc.
Currently, the analyst consensus on National Cinemedia is a Moderate Buy with an average price target of $8.88.
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Based on National Cinemedia’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $1.1 million. In comparison, last year the company had a GAAP net loss of $1.9 million.
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National CineMedia, Inc. is a holding company, which engages in the provision of advertising, business meetings, event services, and third-party theatre circuits under network affiliate agreements. It owns and operates the digital in-theatre network, which is used to distribute content for its advertising promotions, Fathom Events.
