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Zacks Investment Research downgraded Regal Entertainment Group (NYSE:RGC) to Sell in a report released today.

Zacks Investment Research has downgraded Regal Entertainment Group (NYSE:RGC) to Sell in a report released on 10/05/2016.

Previously on Wednesday August 24, 2016, Loop Capital reported about Regal Entertainment Group (NYSE:RGC) raised the target price from $0.00 to $22.00. At the time, this indicated a possible upside of 0.02%.

Yesterday Regal Entertainment Group (NYSE:RGC) traded -0.22% lower at $21.75. The company’s 50-day moving average is $21.60 and its 200-day moving average is $21.40. The last stock close price is up 3.88% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,826,762 shares of the stock were exchanged, up from an average trading volume of 1,398,860

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Regal Entertainment Group (NYSE:RGC)

Regal Entertainment Group has a 52 week low of $16.50 and a 52 week high of $24.19 with a P/E ratio of 23.11 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 20 firms have issued a report on the stock. The consensus target price is $22.78 with 3 firms rating the stock a strong buy, 6 firms rating the stock a buy, 12 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About Regal Entertainment Group (NYSE:RGC)

Regal Entertainment Group (Regal) operates a theatre circuit in the United States. The Company operates in the segment of theatre exhibition operations. It develops, acquires and operates multi-screen theatres in mid-sized metropolitan markets and suburban growth areas of metropolitan markets throughout the United States. It operates its theatre circuit using its Regal Cinemas, United Artists, Edwards, Great Escape Theatres and Hollywood Theaters brands through its subsidiaries. Its multi-screen theatre complexes contain 10 to 18 screens, each with auditoriums ranging from 100 to 500 seats. In addition, its theatres feature amenities, such as wall-to-wall and floor-to-ceiling screens, Sony Digital Cinema 4K projection systems; three-dimensional (3D) digital projection systems, IMAX, and screen format, RPX. Its theatre circuit consists of over 7,360 screens in approximately 570 theatres in over 40 states. It operates multi-screen theatres and has over 12.9 screens per location.

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