Analyst Rating Update on Cinemark Holdings Inc (CNK)

Cinemark Holdings Inc (CNK) : The consensus on Cinemark Holdings Inc (CNK) based on 14 analyst recommendation on the company stock is 1.86, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 9 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Cinemark Holdings Inc (CNK) has been rated by 14 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $50 and the lowest price target forecast is $35. The average forecast of all the analysts is $40.8 and the expected standard deviation is $3.7.

For the current week, the company shares have a recommendation consensus of Buy.


Cinemark Holdings Inc (NYSE:CNK): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.48 and $36.08 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.72, notching a gain of 0.33% for the day. The total traded volume was 1,009,380 . The stock had closed at $36.60 on the previous day.

Cinemark Holdings, Inc. is engaged in the motion picture exhibition business with theatres in the United States, Brazil, Mexico, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala and Bolivia. The Company manages its business in two segments: U.S. markets and international markets. As of December 31, 2014, the Company operated 495 theatres and 5,676 screens in 41 states and 13 Latin American countries. The Company develops new platforms and markets concepts for its domestic theatre circuit, including NextGen, CineArts, Cinemark Bistro, Cinemark Reserve and other premium concepts, such as its Cinemark XD Extreme Digital Cinema (XD). As of December 31, 2014, the Companys United States circuit had 335 theatres and 4,499 screens in 41 states and its international circuit had 160 theatres and 1,177 screens.

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