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CINEMARK HOLDINGS INC. (CNK) [hlAlert]

Rating:
Neutral CNK
up 26.15 %

CINEMARK HOLDINGS INC. (CNK) downgraded to Neutral with price target $20 by Wedbush

Posted on: Friday,  Feb 25, 2011  9:25 AM ET by Wedbush

Wedbush rated Neutral CINEMARK HOLDINGS INC. (NYSE: CNK) on 02/25/2011. Previously Wedbush rated Outperform CINEMARK HOLDINGS INC. (NYSE: CNK) on
08/05/2010., when the stock price was $15.64. Since then, CINEMARK HOLDINGS INC. has gained 26.15% as of 02/25/2011's recent price of $19.73.
If you would have followed the previous Wedbush 's recommendation on CNK, you would have gained 26.15% of your investment in 204 days.

Cinemark Holdings, Inc. is engaged in the motion picture exhibition industry, with theatres in the United States, Canada, Mexico, Argentina, Brazil, Chile, Ecuador, Peru, Honduras, El Salvador, Nicaragua, Costa Rica, Panama and Colombia. The Company also managed theatres in the United States, Brazil and Colombia during the year ended December 31, 2008. As of December 31, 2008, Cinemark Holdings, Inc. managed its business under two segments: United States markets and international markets. As of December 31, 2008, it operated 429 theatres and 4,783 screens in 38 states, one Canadian province and 12 Latin American countries. Its theatres in the United States are primarily located in mid-sized United States markets, including suburbs of metropolitan areas. During 2008, it acquired two theatres with 28 screens, built 10 theatres with 128 screens and closed six theatres with 68 screens.

Wedbush is Headquartered in Los Angeles, California with over 90 offices and more than 125 correspondent offices, our commitment to providing relentless, customized service is the foundation of our consistent growth. We deliver superior investment ideas and products through exceptional customer care, financial security, continuity and advanced technology.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/25/2011 9:25 AM Hold
None
19.73 20.00
as of 12/30/2011
1 Week   
1 Month   
3 Months   
1 YTD up  14.44 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/5/2010 11:25 AM Buy
None
15.64 20.00
5/7/2010 9:25 AM Buy
None
18.22 23.00

(*) Stock Price at the time of the recommendation.
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