Zacks Investment Research upgraded shares of DHX Media (NASDAQ:DHXM) from a hold rating to a buy rating in a report published on Tuesday morning, Zacks.com reports. They currently have $1.50 target price on the stock.
According to Zacks, “DHX Media Ltd. is engaged in producing television programmes and movies. The company’s brands include Yo Gabba Gabba, Caillou, Teletubbies, In the Night Garden, Inspector Gadget, Johnny Test, Slugterra and Degrassi. It operates primarily in Toronto, Vancouver, Halifax, Los Angeles, London, Paris, Barcelona, Milan, Munich, Amsterdam and Beijing. DHX Media Ltd. is based in Halifax, Canada. “
Several other brokerages have also issued reports on DHXM. Echelon Wealth Partners set a $3.00 price target on shares of DHX Media and gave the company a buy rating in a research note on Tuesday, September 10th. BMO Capital Markets set a $2.30 price target on shares of DHX Media and gave the company a buy rating in a research note on Tuesday, September 24th. Finally, CIBC set a $2.00 price target on shares of DHX Media and gave the company a sell rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. DHX Media presently has a consensus rating of Hold and a consensus price target of $2.20.
A number of hedge funds have recently modified their holdings of DHXM. Primecap Management Co. CA acquired a new position in shares of DHX Media during the 2nd quarter worth about $9,870,000. Perritt Capital Management Inc. acquired a new position in shares of DHX Media during the 2nd quarter worth about $467,000. Bank of Montreal Can increased its stake in shares of DHX Media by 2,055.6% during the 2nd quarter. Bank of Montreal Can now owns 240,740 shares of the company’s stock worth $351,000 after purchasing an additional 229,572 shares during the last quarter. Cutter & CO Brokerage Inc. acquired a new position in shares of DHX Media during the 2nd quarter worth about $85,000. Finally, Pinnacle Associates Ltd. acquired a new position in shares of DHX Media during the 2nd quarter worth about $73,000. Hedge funds and other institutional investors own 39.74% of the company’s stock.
DHX Media Company Profile
DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional and specialty terrestrial and cable/satellite television broadcasters worldwide. The company operates through three segments: Content Business, DHX Television, and Consumer Products Represented.
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