RBC Capital Upgrades Regal Entertainment Group to Outperform

Brokerage firm RBC Capital Upgrades its rating on Regal Entertainment Group(NYSE:RGC). The shares have been rated Outperform. Previously, the analysts had a Sector Perform rating on the shares. The rating by RBC Capital was issued on Jun 15, 2016.

In a different note, On Jun 13, 2016, Credit Suisse said it Assumes its rating on Regal Entertainment Group. The shares have been rated ‘Neutral’ by the firm. On Mar 30, 2016, B. Riley said it Downgrades its rating on Regal Entertainment Group. The shares have been rated ‘Neutral’ by the firm.

Regal Entertainment Group (RGC) shares turned negative on Tuesdays trading session with the shares closing down -0.15 points or -0.73% at a volume of 7,35,859. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $20.59. The peak price level was also seen at $20.59 while the days lowest was $20.2. Finally the shares closed at $20.42. The 52-week high of the shares is $21.98 while the 52-week low is $16.5. According to the latest information available, the market cap of the company is $3,202 M.

Regal Entertainment Group(RGC) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $787.10M. Analysts had an estimated revenue of $767.40M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.24.

Several Insider Transactions has been reported to the SEC. On Mar 16, 2016, Amy E Miles (CEO) sold 103,201 shares at $21.02 per share price.Also, On May 20, 2015, Gregory W Dunn (President and COO) sold 19,000 shares at $21.40 per share price.On Apr 13, 2015, Nestor R Jr Weigand (director) purchased 88 shares at $22.54 per share price, according to the Form-4 filing with the securities and exchange commission.

Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Company’s theatre circuit consists of around 7367 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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