Ascent Capital Group Inc (NASDAQ:ASCMA) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 16, 2016
Zacks Investment Research has downgraded Ascent Capital Group Inc (NASDAQ:ASCMA) to Hold in a statement released on 10/11/2016.
On Thursday August 11, 2016, Imperial Capital released a statement for Ascent Capital Group Inc (NASDAQ:ASCMA) bumped up the target price from $20.00 to $21.00 that suggested an upside of 0.08%.
Boasting a price of $22.39, Ascent Capital Group Inc (NASDAQ:ASCMA) traded -2.33% lower on the day. With the last stock price close up 18.40% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Ascent Capital Group Inc has recorded a 50-day average of $22.38 and a two hundred day average of $18.38. Volume of trade was down over the average, with 35,120 shares of ASCMA changing hands under the typical 90,531
With a total market value of $0, Ascent Capital Group Inc has with a one year low of $7.77 and a one year high of $28.04 .
A total of 2 equity analysts have released a ratings update on ASCMA. zero equity analysts rating the company a strong buy, one equity analyst rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $17.50.
Brief Synopsis About Ascent Capital Group Inc (NASDAQ:ASCMA)
Ascent Capital Group, Inc. is a holding company. The Company's segments include Monitronics, LiveWatch and Other Activities. The Company's subsidiaries include Monitronics International, Inc. (Monitronics) and LiveWatch Security, LLC (LiveWatch). Monitronics provides a range of residential security services, including hands-free two-way interactive voice communication with the monitoring center, cellular options, and an interactive service option, which allows the customer to control their security system remotely using a computer or smart phone. Monitronics performs monitoring services for subscribers located in all 50 states, the District of Columbia, Puerto Rico and Canada. LiveWatch is a do-it-yourself (DIY) home security provider offering professionally monitored security services through a direct-to-consumer sales channel. LiveWatch offers a differentiated go-to-market strategy through direct response television, Internet and radio advertising.
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