DHX Media (NASDAQ:DHXM) Stock Rating Upgraded by Zacks Investment Research

DHX Media (NASDAQ:DHXM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, Zacks.com reports. The brokerage presently has a $1.50 target price on the stock. Zacks Investment Research‘s price target indicates a potential upside of 1.35% from the company’s previous close.

According to Zacks, “DHX Media Ltd. is engaged in producing television programmes and movies. The company’s brands include Yo Gabba Gabba, Caillou, Teletubbies, In the Night Garden, Inspector Gadget, Johnny Test, Slugterra and Degrassi. It operates primarily in Toronto, Vancouver, Halifax, Los Angeles, London, Paris, Barcelona, Milan, Munich, Amsterdam and Beijing. DHX Media Ltd. is based in Halifax, Canada. “

Other analysts have also recently issued research reports about the company. BMO Capital Markets set a $2.30 price target on DHX Media and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Echelon Wealth Partners set a $3.00 price target on DHX Media and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, CIBC set a $2.00 price target on DHX Media and gave the stock a “sell” rating in a research report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $2.20.

Shares of NASDAQ:DHXM traded up $0.02 on Tuesday, reaching $1.48. The company had a trading volume of 75,070 shares, compared to its average volume of 107,674. DHX Media has a twelve month low of $1.08 and a twelve month high of $2.78. The stock has a 50-day moving average price of $1.29 and a 200 day moving average price of $1.42. The stock has a market capitalization of $191.52 million, a P/E ratio of 74.00 and a beta of 0.96. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 1.05.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Lido Advisors LLC boosted its position in DHX Media by 2.5% in the 2nd quarter. Lido Advisors LLC now owns 411,297 shares of the company’s stock valued at $600,000 after buying an additional 10,000 shares during the last quarter. Insight 2811 Inc. bought a new position in DHX Media in the 2nd quarter valued at $27,000. Citadel Advisors LLC bought a new position in DHX Media in the 2nd quarter valued at $31,000. D. E. Shaw & Co. Inc. boosted its position in DHX Media by 8.2% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 307,100 shares of the company’s stock valued at $436,000 after buying an additional 23,300 shares during the last quarter. Finally, Pinnacle Associates Ltd. bought a new position in DHX Media in the 2nd quarter valued at $73,000. Hedge funds and other institutional investors own 39.74% of the company’s stock.

About DHX Media

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.

See Also: Mutual Funds

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Analyst Recommendations for DHX Media (NASDAQ:DHXM)

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