DHX Media (DHX) Upgraded by National Bank Financial to “Sector Perform Under Weight”

National Bank Financial upgraded shares of DHX Media (TSE:DHX) from an underperform market weight rating to a sector perform under weight rating in a report released on Thursday.

Several other analysts have also weighed in on the company. BMO Capital Markets lowered their price objective on DHX Media from C$2.50 to C$1.50 in a report on Wednesday, September 26th. CIBC lowered their price objective on DHX Media from C$3.00 to C$2.00 in a report on Wednesday, September 26th. Cormark boosted their price objective on DHX Media from C$1.50 to C$1.80 in a report on Wednesday, September 26th. TD Securities boosted their price objective on DHX Media from C$1.30 to C$1.50 and gave the company a hold rating in a report on Wednesday, September 26th. Finally, B. Riley lowered DHX Media from a buy rating to a neutral rating in a report on Monday, November 26th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of C$2.72.

Shares of TSE:DHX traded up C$0.02 during trading on Thursday, hitting C$2.38. The company’s stock had a trading volume of 146,740 shares, compared to its average volume of 268,240. The company has a current ratio of 1.71, a quick ratio of 1.03 and a debt-to-equity ratio of 108.84. DHX Media has a fifty-two week low of C$1.09 and a fifty-two week high of C$3.69.

DHX Media (TSE:DHX) last released its quarterly earnings results on Tuesday, November 13th. The company reported C($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C($0.05) by C$0.03. The business had revenue of C$104.04 million during the quarter, compared to analyst estimates of C$95.20 million. Sell-side analysts forecast that DHX Media will post 0.01 earnings per share for the current year.

In related news, insider Fine Capital Partners, L.P. bought 326,000 shares of the stock in a transaction dated Wednesday, November 21st. The stock was bought at an average cost of C$2.34 per share, with a total value of C$762,840.00. Also, Director Deborah Ann Drisdell bought 15,700 shares of the stock in a transaction dated Friday, November 16th. The shares were bought at an average cost of C$2.85 per share, with a total value of C$44,745.00. Insiders have bought 1,114,270 shares of company stock valued at $2,704,327 over the last ninety days.

DHX Media Company Profile

DHX Media Ltd. develops, produces, distributes, broadcasts, and licenses television and film programs for conventional and specialty terrestrial and cable/satellite television broadcasters worldwide. The company operates through three segments: Content Business, DHX Television, and Consumer Products Represented.

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Analyst Recommendations for DHX Media (TSE:DHX)

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