National Cinemedia (NCMI) Receives a Hold from Wedbush
Wedbush analyst Michael Pachter maintained a Hold rating on National Cinemedia (NCMI) today and set a price target of $5.00. The company’s shares closed last Monday at $4.76.
According to TipRanks.com, Pachter is a 4-star analyst with an average return of 7.9% and a 57.1% success rate. Pachter covers the Technology sector, focusing on stocks such as Alphabet Class A, Playtika Holding, and Unity Software.
National Cinemedia has an analyst consensus of Moderate Buy, with a price target consensus of $5.25, representing a 7.4% upside. In a report issued on March 4, MKM Partners also maintained a Hold rating on the stock with a $4.50 price target.
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Based on National Cinemedia’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $6 million and GAAP net loss of $12.7 million. In comparison, last year the company earned revenue of $111 million and had a net profit of $9.2 million.
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National CineMedia, Inc. is a holding company. It engages in the provision of advertising, business meetings, event services, and third-party theatre circuits under network affiliate agreements. The firm owns and operates the digital in-theatre network, which is used to distribute content for its advertising promotions, Fathom Events. National CineMedia was founded on October 5, 2006 and is headquartered in Centennial, CO.
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