Lions Gate Entertainment Corp. (NYSE:LGF.B) shares fell 6.5% during mid-day trading on Friday . The company traded as low as $13.50 and last traded at $14.09. 874,416 shares were traded during trading, an increase of 44% from the average session volume of 606,238 shares. The stock had previously closed at $15.07.
A number of brokerages have recently issued reports on LGF.B. ValuEngine downgraded Lions Gate Entertainment from a “hold” rating to a “sell” rating in a report on Monday, February 4th. Imperial Capital reaffirmed an “outperform” rating and set a $24.00 price target (down from $26.00) on shares of Lions Gate Entertainment in a report on Monday, February 11th.
The firm has a market cap of $3.25 billion, a PE ratio of 18.36 and a beta of 1.71.
About Lions Gate Entertainment (NYSE:LGF.B)
Lions Gate Entertainment Corp. engages in motion picture production and distribution, television programming and syndication, home entertainment, interactive ventures and games, and location-based entertainment in Canada, the United States, and internationally. The company operates through three segments: Motion Pictures, Television Production, and Media Networks.
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