Lionsgate Entertainment Corp. (NYSE:LION – Get Free Report) traded down 3.7% during trading on Friday . The stock traded as low as $7.32 and last traded at $7.50. 138,701 shares were traded during trading, a decline of 70% from the average session volume of 462,586 shares. The stock had previously closed at $7.79.
Analyst Upgrades and Downgrades
LION has been the topic of a number of analyst reports. StockNews.com upgraded Lionsgate Entertainment from a “hold” rating to a “buy” rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. raised shares of Lionsgate Entertainment from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $8.00 to $9.00 in a research report on Monday, March 31st.
Get Our Latest Research Report on LION
Lionsgate Entertainment Trading Down 6.8 %
Lionsgate Entertainment (NYSE:LION – Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.22. Lionsgate Entertainment had a negative net margin of 7.34% and a negative return on equity of 57.26%. As a group, sell-side analysts forecast that Lionsgate Entertainment Corp. will post 0.08 EPS for the current fiscal year.
About Lionsgate Entertainment
Lionsgate Studios Corp. engages in the provision of motion picture and studio operations that bring a varied portfolio of entertainment to consumers. The company is headquartered in Santa Monica, CA.
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