Wedbush Thinks National Cinemedia’s Stock is Going to Recover

In a report issued on May 10, Alicia Reese from Wedbush reiterated a Buy rating on National Cinemedia (NCMIResearch Report), with a price target of $4.00. The company’s shares closed last Tuesday at $1.15, close to its 52-week low of $0.88.

According to TipRanks.com, Reese is ranked #7239 out of 7949 analysts.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for National Cinemedia with a $3.25 average price target, which is a 180.2% upside from current levels. In a report issued on April 27, B.Riley Financial also maintained a Buy rating on the stock with a $5.00 price target.

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Based on National Cinemedia’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $35.9 million and GAAP net loss of $25.2 million. In comparison, last year the company earned revenue of $5.4 million and had a GAAP net loss of $19.4 million.

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National CineMedia, Inc. is a holding company. It engages in the provision of advertising, business meetings, event services, and third-party theatre circuits under network affiliate agreements. The firm owns and operates the digital in-theatre network, which is used to distribute content for its advertising promotions, Fathom Events. National CineMedia was founded on October 5, 2006 and is headquartered in Centennial, CO.

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