Lions Gate Entertainment (LGF) Downgraded by Morgan Stanley
Lions Gate Entertainment (NYSE:LGF) was downgraded by investment analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a report released on Tuesday.
Separately, Rosenblatt Securities raised shares of Lions Gate Entertainment from a “neutral” rating to a “buy” rating in a research note on Monday, November 6th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Lions Gate Entertainment currently has a consensus rating of “Buy” and a consensus price target of $32.73.
Shares of Lions Gate Entertainment (LGF) traded down $1.67 during mid-day trading on Tuesday, reaching $31.04. 1,260,700 shares of the company traded hands, compared to its average volume of 2,960,000. Lions Gate Entertainment has a 12-month low of $31.03 and a 12-month high of $33.00. The firm has a market cap of $4,010.00, a P/E ratio of 141.09 and a beta of 1.26. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 1.43.
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Lions Gate Entertainment Corp. is engaged in motion picture production and distribution, television programming and syndication, home entertainment, international distribution and sales, branded channel platforms, interactive ventures and games and location-based entertainment. The Company operates through two segments: Motion Pictures and Television Production.
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