Regal Entertainment Group (RGC) : Zacks Investment Research ranks Regal Entertainment Group (RGC) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 9 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 2.29, which indicates as a Buy.
Regal Entertainment Group (RGC) stock is expected to deviate a maximum of $3.36 from the average target price of $23.52 for the short term period. 15 Street Experts have initiated coverage on the stock with the most promising target being $31 and the most muted being $18.
Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Hilliard Lyons, downgrades their rating on the shares of Regal Entertainment Group (NYSE:RGC). Hilliard Lyons has a Neutral rating on the shares. Previously, the analysts had a Long-term Buy rating on the shares. The rating by the firm was issued on July 27, 2016.
Regal Entertainment Group (NYSE:RGC): The stock opened at $21.91 on Wednesday but the bulls could not build on the opening and the stock topped out at $22.22 for the day. The stock traded down to $21.80 during the day, due to lack of any buying support eventually closed down at $21.92 with a loss of -5.88% for the day. The stock had closed at $23.29 on the previous day. The total traded volume was 7,866,694 shares.
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