Cineplex (TSE:CGX) Cut to “Hold” at Canaccord Genuity Group

Cineplex (TSE:CGX) was downgraded by analysts at Canaccord Genuity Group from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

CGX has been the topic of several other research reports. Royal Bank Of Canada increased their target price on Cineplex from C$13.00 to C$14.00 in a research note on Monday, May 12th. Scotiabank increased their price target on shares of Cineplex from C$12.00 to C$12.75 and gave the stock an “outperform” rating in a report on Wednesday.

Cineplex Price Performance

TSE:CGX opened at C$10.56 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 0.43 and a debt-to-equity ratio of -4,623.78. The stock has a market capitalization of C$666.88 million, a PE ratio of -17.77, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. Cineplex has a 52 week low of C$8.40 and a 52 week high of C$13.09. The stock’s 50-day moving average price is C$11.22 and its 200-day moving average price is C$10.56.

Cineplex Company Profile

Cineplex is a diversified media company that operates chains of movie theaters. The company has four reporting segments: film entertainment and content; media; amusement and leisure; and location-based entertainment. The film entertainment and content segment includes revenue from theater attendance.