Price Target Update on Starz (NASDAQ:STRZA)

Starz (NASDAQ:STRZA) : The consensus price target for Starz (NASDAQ:STRZA) is $33.74 for the short term with a standard deviation of $7.98. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $47, however, the pessimist price target for the company is $26.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Macquarie upgrades the rating on Starz (NASDAQ:STRZA). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on June 17, 2016.

Starz (NASDAQ:STRZA): stock turned positive on Thursday. Though the stock opened at $28.57, the bulls momentum made the stock top out at $30.1 level for the day. The stock recorded a low of $27.19 and closed the trading day at $29.33, in the green by 5.50%. The total traded volume for the day was 3,819,180. The stock had closed at $27.8 in the previous days trading.

The company shares have dropped -36.53% from its 1 Year high price. On Jul 17, 2015, the shares registered one year high at $46.59 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $26.87 and the 200 Day Moving Average price is recorded at $27.81. On the companys insider trading activities, The Securities and Exchange Commission has divulged that Sagansky Jeffrey, director of Starz, had unloaded 3,500 shares at an average price of $27.43 in a transaction dated on May 9, 2016. The total value of the transaction was worth $96,005.

Starz is an integrated media and entertainment company. Starz is engaged in video programming and development, production, acquisition and distribution of entertainment content. The Company has three segments: Starz Networks, Starz Distribution and Starz Animation. Starz Networks provides premium subscription video programming to multichannel video programming distributors (MVPDs) in the United States, including cable operators, satellite television providers and telecommunications companies. The Starz Distribution segment includes its Anchor Bay Entertainment, Starz Digital and Starz Worldwide Distribution businesses. Starz Animation, through Film Roman, LLC, develops and produces two-dimensional animated content for third party entertainment companies. The Company conducts its operations under the STARZ, ENCORE, MOVIEPLEX, Anchor Bay Entertainment, Starz Digital, Starz Worldwide and Film Roman brand names.

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