Ascent Capital Group Inc (ASCMA) is Reiterated by Imperial Capital to In-line, Raises Price Target to $ 21

Ascent Capital Group Inc (ASCMA) was Reiterated by Imperial Capital to “In-line” according to the research note released today. The brokerage firm has raised the Price Target to $ 21 from a previous price target of $20 . Imperial Capital advised their investors in a research report released on Aug 11, 2016.

Many Wall Street Analysts have commented on Ascent Capital Group Inc. Imperial Capital Downgraded Ascent Capital Group Inc on Jun 22, 2016 to ” In-line”, Price Target of the shares are set at $20.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 $18.98 and hit $19.761 on the upside on Monday, eventually ending the session at $19.33, with a gain of 1.74% or 0.33 points. The heightened volatility saw the trading volume jump to 1,23,430 shares. Company has a market cap of $246 M.

In a different news, on Aug 3, 2016, William E Niles (Exec VP/Gen Counsel/Secretary) sold 1,500 shares at $16.85 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

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