Cineplex (OTCMKTS:CPXGF) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Cineplex Inc. (OTCMKTS:CPXGF) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $8.43 and traded as high as $8.70. Cineplex shares last traded at $8.47, with a volume of 78,233 shares changing hands.

Analysts Set New Price Targets

A number of analysts recently commented on CPXGF shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of Cineplex in a report on Wednesday. Scotiabank restated an “outperform” rating on shares of Cineplex in a research note on Wednesday. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Cineplex in a research note on Wednesday. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Cineplex Price Performance

The stock has a 50-day simple moving average of $8.47 and a 200-day simple moving average of $7.95.

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.