National CineMedia (NCMI) was Upgraded by Credit Suisse to ” Neutral”. Earlier the firm had a rating of “Underperform ” on the company shares. Credit Suisse advised their Clients and Investors in a research report released on Mar 15, 2017.
Based on several research reports , National CineMedia was Upgraded by Credit Suisse to ” Neutral” on Mar 15, 2017. Shares were Reiterated by FBR & Co. on Feb 24, 2017 to “Outperform” and Lowered the Price Target to $ 14 from a previous price target of $17 .National CineMedia was Downgraded by Credit Suisse to ” Underperform” on Feb 1, 2017.
Several company insiders have filed Insider transactions , on Nov 29, 2016, Alfonso P Jr Rosabal (EVP, COO & Chief Tech. Officer) sold 2,615 shares at $16.01 per share price. According to the SEC, on Jun 23, 2016, Clifford E Marks (President) sold 1,014 shares at $15.00 per share price. On Mar 16, 2016, Paula Williams Madison (director) sold 7,468 shares at $14.66 per share price, according to the Form-4 filing with the securities and exchange commission.
On the company’s financial health, National CineMedia reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 23, 2017. Analyst had a consensus of $0.22. The company had revenue of $142.50 million for the quarter, compared to analysts expectations of $140.65 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.
National CineMedia closed down -0.2 points or -1.58% at $12.48 with 7,58,214 shares getting traded on Wednesday. Post opening the session at $13.19, the shares hit an intraday low of $12.435 and an intraday high of $13.33 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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.