Brokerage Firm Rating Update on Cinemark Holdings Inc (CNK)

Cinemark Holdings Inc (CNK) has an average broker rating of 1.92, which is interpreted as a Buy, as rated by 13 equity analysts. Nonetheless, 8 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Cinemark Holdings Inc (CNK) : 12 Wall Street analysts covering Cinemark Holdings Inc (CNK) believe that the average level the stock could reach for the short term is $41.63. The maximum price target given is $47 and the minimum target for short term is around $35, hence the standard deviation is calculated at $3.65.


For the current week, the company shares have a recommendation consensus of Buy. Also, Loop Capital initiates coverage on Cinemark Holdings Inc (NYSE:CNK) The current rating of the shares is Buy. The rating by the firm was issued on August 24, 2016.

Cinemark Holdings Inc (NYSE:CNK): The stock opened at $38.7 and touched an intraday high of $39.14 on Wednesday. During the day, the stock corrected to an intraday low of $38.64, however, the bulls stepped in and pushed the price higher to close in the green at $38.9 with a gain of 0.39% for the day. The total traded volume for the day was 361,247. The stock had closed at $38.75 in the previous trading session.

Cinemark Holdings, Inc. is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala and Bolivia. The Company manages its business in two segments: U.S. markets and international markets. As of December 31, 2014, the Company operated 495 theatres and 5,676 screens in 41 states and 13 Latin American countries. The Company develops new platforms and markets concepts for its domestic theatre circuit, including NextGen, CineArts, Cinemark Bistro, Cinemark Reserve and other premium concepts, such as its Cinemark XD Extreme Digital Cinema (XD). As of December 31, 2014, the Companys United States circuit had 335 theatres and 4,499 screens in 41 states and its international circuit had 160 theatres and 1,177 screens.

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