Credit Suisse Upgrades National CineMedia to Neutral with Price Target $12

Brokerage firm Credit Suisse Upgrades its rating on National CineMedia(NCMI). As per the latest information, Credit Suisse Lowers the price target to $12 per share from a prior target of $13. The shares have been rated Neutral. Previously, the analysts had a Underperform rating on the shares. The rating by the stock financial advisor at Credit Suisse was issued on Mar 15, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 1, 2017, Credit Suisse said it Downgrades its rating on National CineMedia. The shares have been rated ‘Underperform’ by the firm.

National CineMedia (NCMI) made into the market gainers list on Fridays trading session with the shares advancing 1.60% or 0.2 points. Due to strong positive momentum, the stock ended at $12.72, which is also near the day’s high of $12.74. The stock began the session at $12.43 and the volume stood at 6,92,994 shares. The 52-week high of the shares is $16.1 and the 52 week low is $11.52. The company has a current market capitalization of $800 M and it has 6,28,65,998 shares in outstanding.

National CineMedia(NCMI) last announced its earnings results on Feb 23, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $142.500M. Analysts had an estimated revenue of $140.790M. Earnings per share were $0.24. Analysts had estimated an EPS of $0.22.

Several Insider Transactions has been reported to the SEC. On Nov 29, 2016, Alfonso P Jr Rosabal (EVP, COO & Chief Tech. Officer) sold 2,615 shares at $16.01 per share price.Also, On Jun 23, 2016, Clifford E Marks (President) sold 1,014 shares at $15.00 per share price.On Mar 16, 2016, Paula Williams Madison (director) sold 7,468 shares at $14.66 per share price, according to the Form-4 filing with the securities and exchange commission.

National CineMedia Inc. (NCM Inc.) is a holding company that manages its consolidated subsidiary National CineMedia LLC (NCM LLC). NCM LLC operates the digital in-theatre media network in North America through which it sells in-theatre and online advertising and promotions. The Company’s advertising and entertainment pre-show called FirstLook lobby entertainment network (LEN) programming and Fathom Events are distributed across its digital content network (DCN) utilizing its digital content software (DCS). NCM Inc. has no business operations or material assets other than its cash and ownership interest of approximately 45.8% of the common membership units in NCM LLC as of January 1 2015. The Company also sells advertising programming on other forms of advertising and promotions in theatre lobbies and across its online network and a mobile app called Movie Night Out.

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