UPDATE: Benchmark Initiates Coverage on National CineMedia on Market Leader Position

In a report published Wednesday, Benchmark Company analyst Mike Hickey initiated coverage on National CineMedia NCMI with a Hold rating and $19.04 price target. In the report, Benchmark Company noted, “We're initiating on National CineMedia Inc. (NCMI) with a Hold rating, and $19.04 price target, with a 6.0% share price to target return opportunity and an anticipated 4.9% annual dividend yield. The Company's theater advertising network covers 183 Designated Market Areas (49 of the top 50) and includes approximately 19,600 screens (approximately 18,800 digital). The Company has +23-yr exhibitor service agreements with Regal, AMC and Cinemark, which represents 16,357 screens or 84% of their total screen network.” National CineMedia closed on Tuesday at $17.96.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorInitiationAnalyst RatingsBenchmark CompanyMike Hickey
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!