.jpg "National Cinemedia (NASDAQ: NCMI)")
B.Riley FBR analyst Eric Wold reiterated a Buy rating on National Cinemedia (NCMI) today and set a price target of $9.75. The company’s shares closed yesterday at $7.07.
Wold noted:
“National CineMedia (NCMI) is scheduled to report 1Q19 results after the close on Monday, 5/6, with a conference call at 5:00PM ET. We are not making any changes to our already above- consensus 1Q19 estimates and see an attractive setup for upside to consensus given improved March box office trends after quarterly results were already trending higher through February, a record make good balance into the quarter and a slate that supported its monetization as well as an attendance decline that could benefit NCMI around its Founding Member agreements.”
According to TipRanks.com, Wold is ranked 0 out of 5 stars with an average return of -4.2% and a 40.4% success rate. Wold covers the Services sector, focusing on stocks such as Reading International Inc, Cinemark Holdings Inc, and AMC Entertainment.
Currently, the analyst consensus on National Cinemedia is a Moderate Buy with an average price target of $9.75.
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The company has a one-year high of $10.94 and a one-year low of $5.46. Currently, National Cinemedia has an average volume of 293.4K.
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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.
