Analyst Rating Update on Regal Entertainment Group (RGC)

Regal Entertainment Group (NYSE:RGC) : Zacks Investment Research ranks Regal Entertainment Group (NYSE:RGC) as 3, which is a Hold recommendation. 7 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 7 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 17 research analysts is 2.18, which indicates as a Buy.

Regal Entertainment Group (NYSE:RGC) : Currently there are 14 street experts covering Regal Entertainment Group (NYSE:RGC) stock. The most bullish and bearish price target for the stock is $31 and $18 respectively for the short term. The average price target of all the analysts comes to $23.03. The estimated standard deviation from the target is $3.56.

Company shares have received an average consensus rating of Hold for the current week Also, RBC Capital upgrades its view on Regal Entertainment Group (NYSE:RGC) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Sector Perform. The rating by the firm was issued on June 15, 2016.

Regal Entertainment Group (NYSE:RGC): stock turned positive on Tuesday. Though the stock opened at $20.87, the bulls momentum made the stock top out at $21.04 level for the day. The stock recorded a low of $20.64 and closed the trading day at $21.02, in the green by 1.15%. The total traded volume for the day was 1,999,860. The stock had closed at $20.78 in the previous days trading.

In an insider trading activity, The Securities and Exchange Commission has divulged that Dunn Gregory W, officer (President and COO) of Regal Entertainment Group, had unloaded 25,000 shares at an average price of $20.28 in a transaction dated on June 15, 2016. The total value of the transaction was worth $507,000.

Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Companys theatre circuit consists of around 7,367 screens in 574 theatres in 42 states along with Guam, Saipan, American Samoa and the District of Columbia. It operates multi-screen theatres and has an average of around 12.8 screens per location. The Company develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States. The Company is the parent company of Regal Entertainment Holdings, Inc. (REH), which is the parent company of Regal Cinemas Corporation (Regal Cinemas) and its subsidiaries that include Regal Cinemas, Inc. (RCI), Edwards Theatres, Inc. (Edwards), Regal CineMedia Corporation (RCM) and United Arti

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