Starz (NASDAQ:STRZA) : 9 investment research analysts covering Starz (NASDAQ:STRZA) have an average price target of $33.96 for the near short term. The highest target price given by the Brokerage Firm to the stock is $47 and the lowest target is $26 for the short term. Analysts expect the variance to be within $7.8 of the average price.
Shares of Starz rose by 2.01% in the last five trading days and 9.2% for the last 4 weeks. Starz is up 12.57% in the last 3-month period. Year-to-Date the stock performance stands at -10.69%. Also, Macquarie upgrades their rating on the shares of Starz (NASDAQ:STRZA). The current rating of the shares is Outperform. Earlier, the shares were rated a Neutral by the brokerage firm. The rating by the firm was issued on June 17, 2016.
Starz (NASDAQ:STRZA) : The consensus on Starz (NASDAQ:STRZA) based on 10 analyst recommendation on the company stock is 2.1, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Starz (NASDAQ:STRZA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.83 and $29.77 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.92, notching a gain of 5.91% for the day. The total traded volume was 16,330,738 . The stock had closed at $28.25 on the previous day.
In an insider trading activity, Sagansky Jeffrey, director of Starz, unloaded 3,500 shares at an average price of $27.43 on May 9, 2016. The total amount of the transaction was worth $96,005, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.