Lions Gate Entertainment (LGF) has been downgraded today by the research analysts at investment firm Caris & Company which lowered LGF from an “average” rating to “below average.” Caris & Company did not adjust their standing price target for LGF from $5 dollars. LGF is down during intraday trading.
Lions Gate Entertainment is slated to release their next earnings report on August 30th, 2011 and is estimated to post EPS of a negative 7 cents. Their last earnings report was released today on May 31st, 2011 and announced a EPS of 33 cents with revenue totaling $376.9 million which was down -6.2 % year to year. LGF is currently trading below its 50 & 200-day moving averages and 2011 is currently a down year for the company.
Lions Gate Entertainment Corp. is the leading next generation studio with a diversified presence in the production and distribution of motion pictures, television programming, home entertainment, family entertainment, video-on-demand and digitally delivered content. The company has market capitalization of $851,000,000 and 136,741,000 shares outstanding. LGF has a 52-week high of $7.83 with the low being $5.69 dollars.