Zacks Investment Research upgraded shares of Lions Gate Entertainment Co. Class A Voting Shares (NASDAQ:LGF.A) from a sell rating to a hold rating in a report published on Thursday.

According to Zacks, “Lions Gate Entertainment has outperformed the industry in the past three months. In an effort to maximize return and build a diversified portfolio, the company has been making strategic investments and buyouts, such as that of Starz. Notably, the addition of Starz is aiding Lions Gate to emerge as a major player in the TV space and helping it regain lost ground in streaming network. Moreover, Lions Gate has invested in The Immortals, to capitalize on the increasing popularity of eSports. The company expects eSports market to grow over $1 billion by the next year. However, the company’s EBITDA guidance for fiscal 2018 did not impress investors as it is expected to be at the lower end of the projected long-term growth range of low-to-mid teens. Moreover, fewer movie releases in fiscal 2018 compared with the previous year may hurt the company’s Motion Pictures revenues performance.”

LGF.A has been the subject of several other research reports. SunTrust Banks, Inc. assumed coverage on shares of Lions Gate Entertainment Co. Class A Voting Shares in a research note on Thursday, March 30th. They issued a hold rating for the company. Morgan Stanley reissued an overweight rating on shares of Lions Gate Entertainment Co. Class A Voting Shares in a research note on Thursday, July 6th. Rosenblatt Securities reissued a buy rating on shares of Lions Gate Entertainment Co. Class A Voting Shares in a research note on Friday, April 7th. Canaccord Genuity assumed coverage on shares of Lions Gate Entertainment Co. Class A Voting Shares in a research note on Tuesday, April 4th. They issued a buy rating and a $30.00 price objective for the company. Finally, Loop Capital raised their price objective on shares of Lions Gate Entertainment Co. Class A Voting Shares from $29.00 to $36.00 and gave the stock a buy rating in a research note on Friday, July 21st. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Lions Gate Entertainment Co. Class A Voting Shares has an average rating of Buy and a consensus target price of $32.00.

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