Credit Suisse Assumes National CineMedia to Outperform

Brokerage firm Credit Suisse Assumes its rating on National CineMedia(NASDAQ:NCMI). The shares have been rated Outperform. The rating by Credit Suisse was issued on Jun 13, 2016.

National CineMedia (NCMI) shares turned negative on Fridays trading session with the shares closing down -0.21 points or -1.41% at a volume of 4,64,067. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $14.98. The peak price level was also seen at $14.98 while the days lowest was $14.64. Finally the shares closed at $14.65. The 52-week high of the shares is $16.76 while the 52-week low is $11.97. According to the latest information available, the market cap of the company is $914 M.

National CineMedia(NCMI) last announced its earnings results on May 4, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $76.20M. Analysts had an estimated revenue of $74.53M. Earnings per share were $-0.05. Analysts had estimated an EPS of $-0.04.

Several Insider Transactions has been reported to the SEC. On Mar 16, 2016, Paula Williams Madison (director) sold 7,468 shares at $14.66 per share price.Also, On Mar 2, 2016, Scott N Schneider (director) sold 13,500 shares at $15.19 per share price.On Jan 23, 2015, Clifford E Marks (President of Sales & Marketing) sold 4,867 shares at $15.01 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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