Brokerage Firm Rating Update on Regal Entertainment Group (RGC)

Regal Entertainment Group (RGC) : The consensus on Regal Entertainment Group (RGC) based on 16 analyst recommendation on the company stock is 2.25, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 8 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Regal Entertainment Group (RGC) : Currently there are 13 street experts covering Regal Entertainment Group (RGC) stock. The most bullish and bearish price target for the stock is $31 and $18 respectively for the short term. The average price target of all the analysts comes to $23.37. The estimated standard deviation from the target is $3.55.


Company shares have received an average consensus rating of Hold for the current week Also, Loop Capital initiates coverage on Regal Entertainment Group (NYSE:RGC).The analysts at the brokerage house have a current rating of Hold on the shares. The rating by the firm was issued on August 24, 2016.

Regal Entertainment Group (NYSE:RGC): The stock opened at $21.43 and touched an intraday high of $21.855 on Wednesday. During the day, the stock corrected to an intraday low of $21.36, however, the bulls stepped in and pushed the price higher to close in the green at $21.79 with a gain of 1.30% for the day. The total traded volume for the day was 2,553,072. The stock had closed at $21.51 in the previous trading session.

Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Companys theatre circuit consists of around 7,367 screens in 574 theatres in 42 states along with Guam, Saipan, American Samoa and the District of Columbia. It operates multi-screen theatres and has an average of around 12.8 screens per location. The Company develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States. The Company is the parent company of Regal Entertainment Holdings, Inc. (REH), which is the parent company of Regal Cinemas Corporation (Regal Cinemas) and its subsidiaries that include Regal Cinemas, Inc. (RCI), Edwards Theatres, Inc. (Edwards), Regal CineMedia Corporation (RCM) and United Arti

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