Cineplex (OTCMKTS:CPXGF) Stock Passes Above Fifty Day Moving Average – What’s Next?

Cineplex Inc. (OTCMKTS:CPXGF) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $8.77 and traded as high as $8.98. Cineplex shares last traded at $8.98, with a volume of 15,514 shares.

Analysts Set New Price Targets

A number of research analysts have weighed in on CPXGF shares. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Cineplex in a research note on Tuesday. Scotiabank reissued an “outperform” rating on shares of Cineplex in a research report on Wednesday, August 12th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Cineplex in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Cineplex Trading Down 1.1%

The company’s fifty day moving average is $8.79 and its 200 day moving average is $8.26.

Cineplex Company Profile

Cineplex Inc (OTCMKTS:CPXGF) operates as a leading Canadian entertainment company specializing in motion picture exhibition and related leisure activities. Through its network of more than 160 theatres and over 1,500 screens, Cineplex delivers cinematic experiences in key markets across Canada. The company showcases major Hollywood releases alongside independent and specialty films, utilizing advanced projection and audio technologies including IMAX, UltraAVX and 4DX to enhance the audience experience.

In addition to movie exhibition, Cineplex has expanded into diversified entertainment offerings and food-and-beverage services.