Regal Entertainment Group (RGC) Maintains Market Weight Rating
January 04, 2010 2:03 PM
Analysts at Thomas Weisel Partners Group Inc. (NASDAQ: TWPG) have maintained a Market Weight rating for Regal Entertainment Group (NYSE: RGC) stock. Analysts have maintained the 12-month price target of $15 for the Regal Entertainment stock.
Analysts have increased their estimates for Regal to account for the completion of 4Q09 North American box office which was up 18.7% as against analysts’ estimate of 14.3%. On a basis comparable to Regal’s fiscal quarter the box office was up 10% as against analysts’ estimate of 5.9%. As a result analysts have revised their estimates for Regal. Analysts estimate 4Q09 revenue of $766 million against the previous estimate of $739 million. EBITDA estimates have been revised from $150 million to $166 million.
