Morgan Stanley (MS) Analysts Lower Price Target on National CineMedia, Inc. (NCMI) to $19.00
Thursday, July 14, 2021 12:11 PM

Equities research analysts at Morgan Stanley (NYSE: MS) lowered their price target on shares of National CineMedia, Inc. (NASDAQ: NCMI) to $19.00 in a research note to investors on Thursday.

Separately, analysts at Credit Suisse (NYSE: CS) cut their EPS estimates on shares of National CineMedia, Inc. in a research note on Thursday. They now have a "positive" rating and a $0.79 price target on the stock. They previously had an "outperform" rating and a $0.90 price target on the stock.

Shares of National CineMedia, Inc. traded down 1.96% during mid-day trading on Friday, hitting $15.50. National CineMedia, Inc. has a 52 week low of $15.70 and a 52 week high of $20.28. The stock's 50-day moving average is $16.74 and its 200-day moving average is $17.67. The company has a market cap of $833.2 million and a price-to-earnings ratio of 29.39.

National CineMedia, Inc. last announced its quarterly results on Thursday, May 5th. The company reported ($0.02) earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of ($0.03) EPS by $0.01. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was down 16.30% on a year-over-year basis. On average, analysts predict that National CineMedia, Inc. will post $0.32 EPS next quarter.

National CineMedia, Inc. operates NCM Media Networks, an integrated media company reaching United States consumers in movie theaters, online and through mobile technology. The NCM Cinema Network and NCM Fathom present cinema advertising and events across the nation's digital in-theater network, consisting of theaters owned by AMC Entertainment Inc., Cinemark Holdings, Inc., Regal Entertainment Group and other regional theater circuits. NCM's theater network covers 171 Designated Market Areas and includes approximately 17,100 screens (15,500 digital). During the year ended December 31, 2009, approximately 680 million patrons attended movies shown in theaters included in NCM's network (excluding Consolidated Theatres). The NCM Interactive Network offers 360-degree integrated marketing opportunities in combination with cinema, encompassing approximately 40 entertainment-related Websites, online widgets and mobile applications.

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