Regal Entertainment Group (RGC) : Analyst Rating Update

Regal Entertainment Group (RGC) has an average broker rating of 2.18, which is interpreted as a Buy, as rated by 17 equity analysts. Nonetheless, 7 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.

Regal Entertainment Group (RGC) : The most positive equity analysts on Regal Entertainment Group (RGC) expects the shares to touch $31, whereas, the least positive believes that the stock will trade at $18 in the short term. The company is covered by 14 Wall Street Brokerage Firms. The average price target for shares are $23.03 with an expected fluctuation of $3.56 from the mean.

Regal Entertainment Group (NYSE:RGC): The stock opened at $21.83 on Wednesday but the bulls could not build on the opening and the stock topped out at $21.83 for the day. The stock traded down to $21.56 during the day, due to lack of any buying support eventually closed down at $21.70 with a loss of -0.64% for the day. The stock had closed at $21.84 on the previous day. The total traded volume was 764,274 shares.

Also, Equity Analysts at the RBC Capital upgrades the rating on Regal Entertainment Group (NYSE:RGC). The brokerage firm has issued a Outperform rating on the shares. The shares were previously rated Sector Perform. The rating by the firm was issued on June 15, 2016. The company shares have rallied 7.48% from its 1 Year high price. On Jun 29, 2016, the shares registered one year high at $22.12 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $20.76 and the 200 Day Moving Average price is recorded at $19.87.

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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