Analyst Rating Update on Cinemark Holdings Inc (CNK)

Cinemark Holdings Inc (NYSE:CNK) : 9 brokerage houses believe that Cinemark Holdings Inc (NYSE:CNK) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Cinemark Holdings Inc (NYSE:CNK). Zacks Investment Research suggests a Hold with a rank of 3. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 14 Wall Street Analysts endorse the stock as a Buy with a rating of 1.86.

Cinemark Holdings Inc (NYSE:CNK) : 14 investment research analysts covering Cinemark Holdings Inc (NYSE:CNK) have an average price target of $40.45 for the near short term. The highest target price given by the Brokerage Firm to the stock is $50 and the lowest target is $33 for the short term. Analysts expect the variance to be within $3.9 of the average price.

For the current week, the company shares have a recommendation consensus of Buy.

Cinemark Holdings Inc (NYSE:CNK): On Tuesdays trading session , Opening price of the stock was $33.37 with an intraday high of $33.64. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $32.6. However, the stock managed to close at $33, a loss of 1.05% for the day. On the previous day, the stock had closed at $33.35. The total traded volume of the day was 765,545 shares.

In an insider trading activity,The officer (Pr – Cinemark International) of Cinemark Holdings, Inc., Fernandes Valmir sold 17,983 shares at $35.78 on June 1, 2016. The Insider selling transaction had a total value worth of $643,432. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Cinemark Holdings, Inc. is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala and Bolivia. The Company manages its business in two segments: U.S. markets and international markets. As of December 31, 2014, the Company operated 495 theatres and 5,676 screens in 41 states and 13 Latin American countries. The Company develops new platforms and markets concepts for its domestic theatre circuit, including NextGen, CineArts, Cinemark Bistro, Cinemark Reserve and other premium concepts, such as its Cinemark XD Extreme Digital Cinema (XD). As of December 31, 2014, the Companys United States circuit had 335 theatres and 4,499 screens in 41 states and its international circuit had 160 theatres and 1,177 screens.

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