Goldman Sachs Maintains Sell Rating for Cinemark Hldgs: Here's What You Need To Know

Goldman Sachs has decided to maintain its Sell rating of Cinemark Hldgs CNK and raise its price target from $11.00 to $12.50.

Shares of Cinemark Hldgs are trading up 0.09% over the last 24 hours, at $16.54 per share.

A move to $12.50 would account for a 24.4% decrease from the current share price.

About Cinemark Hldgs

Cinemark Holdings Inc is geographically diverse operators in the motion picture exhibition industry in the United States. The company operates in around 518 theatres and 5,847 screens in the United States and Latin America. The company generates revenue from filmed entertainment box office receipts and concession sales, with additional revenue from screen advertising, screen rental and other revenue streams, such as transactional fees, vendor marketing promotions, studio trailer placements, meeting rentals and electronic video games located in some of the theatres. Majority of Cinemark's theaters are located in midsize cities or suburbs of large cities.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.