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Analysts Are Neutral on Top Communication Services Stocks: Cineplex (CPXGF), Nexxen International (NEXN)

Tipranks - Wed May 13, 9:16AM CDT

Analysts fell to the sidelines weighing in on Cineplex (CPXGF) and Nexxen International (NEXN) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

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Cineplex (CPXGF)

In a report released yesterday, Tim Casey from BMO Capital maintained a Hold rating on Cineplex, with a price target of C$12.00. The company’s shares closed last Monday at $7.85.

According to TipRanks.com, Casey is a 4-star analyst with an average return of 6.4% and a 57.7% success rate. Casey covers the NA sector, focusing on stocks such as Cogeco Communications, Rogers Communication, and Quebecor. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Cineplex with a $9.59 average price target, implying a 17.0% upside from current levels. In a report released yesterday, Canaccord Genuity also maintained a Hold rating on the stock with a C$11.50 price target.

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Nexxen International (NEXN)

In a report released today, Jason Kreyer from Craig-Hallum maintained a Hold rating on Nexxen International. The company’s shares closed last Tuesday at $7.30, close to its 52-week low of $6.93.

According to TipRanks.com, Kreyer is a 4-star analyst with an average return of 5.9% and a 42.2% success rate. Kreyer covers the Technology sector, focusing on stocks such as Gloo Holdings, Inc. Class A, Zeta Global Holdings Corp, and Creative Realities. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nexxen International with a $9.50 average price target.

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