Zacks Investment Research upgraded shares of Lions Gate Entertainment Co. Class A Voting Shares (NASDAQ:LGF.A) from a sell rating to a hold rating in a report released on Thursday, July 27th.
According to Zacks, “Lions Gate Entertainment has outperformed the industry in the past three months. In an effort to maximize return and build a diversified portfolio, the company has been making strategic investments and buyouts, such as that of Starz. Notably, the addition of Starz is aiding Lions Gate to emerge as a major player in the TV space and helping it regain lost ground in streaming network. Moreover, Lions Gate has invested in The Immortals, to capitalize on the increasing popularity of eSports. The company expects eSports market to grow over $1 billion by the next year. However, the company’s EBITDA guidance for fiscal 2018 did not impress investors as it is expected to be at the lower end of the projected long-term growth range of low-to-mid teens. Moreover, fewer movie releases in fiscal 2018 compared with the previous year may hurt the company’s Motion Pictures revenues performance.”
LGF.A has been the topic of several other reports. Deutsche Bank AG began coverage on shares of Lions Gate Entertainment Co. Class A Voting Shares in a report on Tuesday, June 27th. They set a hold rating on the stock. SunTrust Banks, Inc. upgraded Lions Gate Entertainment Co. Class A Voting Shares from a hold rating to a buy rating in a research report on Friday, June 2nd. TheStreet upgraded Lions Gate Entertainment Co. Class A Voting Shares from a d rating to a c- rating in a research report on Monday, June 19th. Morgan Stanley reiterated an overweight rating on shares of Lions Gate Entertainment Co. Class A Voting Shares in a research report on Thursday, July 6th. Finally, Rosenblatt Securities reiterated a buy rating on shares of Lions Gate Entertainment Co. Class A Voting Shares in a research report on Tuesday, July 4th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Lions Gate Entertainment Co. Class A Voting Shares currently has an average rating of Buy and an average price target of $32.33.
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