Ascent Capital Group Inc (ASCMA) is Downgraded by Imperial Capital to In-line, Price Target at $20

Ascent Capital Group Inc (ASCMA) was Downgraded by Imperial Capital to ” In-line” and the brokerage firm has set the Price Target at $20. Earlier the firm had a rating of “Outperform ” on the company shares. Imperial Capital advised their investors in a research report released on Jun 22, 2016.

Many Wall Street Analysts have commented on Ascent Capital Group Inc. Ascent Capital Group Inc was Initiated by BB&T Capital Mkts to “Hold” on Jun 16, 2016.

Ascent Capital Group Inc opened for trading at $18.38 and hit $18.59 on the upside on Monday, eventually ending the session at $17.95, with a gain of 0.22% or 0.04 points. The heightened volatility saw the trading volume jump to 1,73,266 shares. Company has a market cap of $228 M.

In a different news, on Jun 2, 2016, William E Niles (Exec VP/Gen Counsel/Secretary) sold 1,500 shares at $19.14 per share price. According to the SEC, on Nov 23, 2015, Philip J Holthouse (director) purchased 2,500 shares at $19.90 per share price. On Nov 16, 2015, Jeffery R Gardner (Executive Vice President) purchased 1,000 shares at $18.10 per share price, according to the Form-4 filing with the securities and exchange commission.

Ascent Capital Group Inc. is a holding company. The Company through its wholly owned subsidiary Monitronics International Inc. (Monitronics) provides security alarm monitoring and related services to residential and business subscribers throughout the United States and parts of Canada. Monitronics monitors signals arising from burglaries fires medical alerts and other events through security systems at subscribers’ premises. Monitronics provides a range of residential security services including hands-free two-way interactive voice communication with the monitoring center cellular options and an interactive service option which allows the customer to control their security system remotely using a computer or smart phone. Monitronics performs monitoring services for subscribers located in all 50 states the District of Columbia Puerto Rico and Canada.

Ascent Capital Group Inc

Leave a Reply

Ascent Capital Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Ascent Capital Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.