NEW YORK, September 15, 2016 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com directs investors' attention to four U.S. Services equities, which are Lions Gate Entertainment Corp. (NYSE: LGF), Regal Entertainment Group (NYSE: RGC), Cinemark Holdings Inc. (NYSE: CNK), and AMC Networks Inc. (NASDAQ: AMCX). According to statistics collected by the U.S. Department of Commerce and the U.S. Census Bureau, total revenue for the sector was $3.5 billion for the Q2 2016, which is a gain of 3.4% from the previous quarter, and an increase of 4.3% from the same period in 2015. Learn more about these stocks by downloading their comprehensive and free reports at:
Lions Gate Entertainment
At the close on Wednesday, shares in Santa Monica, California headquartered Lions Gate Entertainment Corp. saw a slight drop of 0.05%, ending the day at $20.46. The stock recorded a trading volume of 1.66 million shares. The Company's shares are trading below their 50-day moving average by 0.02%. Moreover, shares of Lions Gate Entertainment, which engages in motion picture production and distribution, television programming and syndication, home entertainment, branded channel platforms, interactive ventures and games, and location-based entertainment in Canada, the US, and internationally, have a Relative Strength Index (RSI) of 46.35.
On September 13th, 2016, Lionsgate and Vimeo announced that they have formed a ground-breaking partnership in which Lionsgate has become the first major Hollywood studio and exclusive launch partner to license its content to Vimeo's global television store. The service is one of the first to deliver high-end premium scripted U.S. content to consumers in over 150 countries around the world at the same time. LGF complete research report is just a click away and free at:
Regal Entertainment Group
Shares in Knoxville, Tennessee-based Regal Entertainment Group ended the day 0.05% lower at $21.39 with a total trading volume of 908,256 shares. In the previous three months and since the start of this year, the stock has gained 6.56% and 17.03%, respectively. The Company's shares are trading above their 200-day moving average by 7.37%. Furthermore, shares of Regal Entertainment Group, which through its subsidiaries, operates as a motion picture exhibitor in the US, have an RSI of 44.25.
On August 19th, 2016, Celebration Pointe, a premier mixed-use development located in the heart of Gainesville, Florida, and Regal Cinemas announced the commencement of construction of a new ten screen luxury theater with recliners. This state-of-the-art luxury theater will join Bass Pro Shops, Hotel Indigo and InfoTech as several of the project's marquee anchor tenants.
On August 24th, 2016, research firm Loop Capital initiated a 'Hold' rating on the Company's stock, issuing a target price of $22 per share. The complimentary report on RGC can be downloaded at:
On Wednesday, shares in Plano, Texas headquartered Cinemark Holdings Inc. finished 0.96% lower at $38.02 with a total trading volume of 351,127 shares. The stock has advanced 1.01% in the last one month, 12.72% over the previous three months, and 16.38% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 1.16% and 11.60%, respectively. Additionally, shares of Cinemark Holdings, which together with its subsidiaries, engages in the motion picture exhibition business, have an RSI of 47.69.
On August 12th, 2016, Cinemark Holdings announced plans to renovate and upgrade their Christiana 12 & XD theatre at the Christiana Mall in Newark, Delaware. The renovations and improvements will include installing electric Luxury Lounger recliners in all 12 auditoriums, including the XD auditorium, and a broadening of its concession offerings. The work and upgrades for the theatre will be completed in the spring of 2017.
On August 24th, 2016, research firm Loop Capital initiated a 'Buy' rating on the Company's stock, issuing a target price of $44 per share. Sign up for your complimentary research report on CNK at:
New York headquartered AMC Networks Inc.'s shares recorded a trading volume of 586,460 shares at the end of yesterday's session and closed the day at $51.97, dropping 0.10%. The stock is trading below its 50-day moving average by 6.48%. Shares of the Company, which engages in the ownership and operation of various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the US and internationally, have an RSI at 33.86.
On August 4th, 2016, AMC networks reported that Q2 2016 net revenues increased 13.9%, or $84 million, to $685 million over Q2 2015, led by 17.2% growth at National Networks and an increase of $5 million at International and Other. The company posted Q2 2016 net income of $77 million ($1.05 per diluted share) compared to $83 million ($1.14 per diluted share) in Q2 2015. Get free access to your research report on AMCX at:
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