Thunderbird Entertainment Group Inc (TBRD – Research Report) has received a rating update from a Wall Street analyst today. Analyst Aravinda Galappatthige from Canaccord Genuity reiterated a Buy rating, with a C$4.25 price target.
According to TipRanks.com, Galappatthige is a 1-star analyst with an average return of -1.7% and a 46.5% success rate. Galappatthige covers the NA sector, focusing on stocks such as TELUS International (CDA), Cogeco Communications, and Corus Entertainment.
Currently, the analyst consensus on Thunderbird Entertainment Group Inc is a Moderate Buy with an average price target of C$4.25.
Based on Thunderbird Entertainment Group Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$37.28 million and GAAP net loss of C$2.25 million. In comparison, last year the company earned revenue of C$36.85 million and had a net profit of C$3.96 million.
Thunderbird Entertainment is a multi-platform media production, distribution & rights management company. Our award winning programs cover multiple genres with a focus on kids & family entertainment, scripted comedy, drama & factual/non-scripted content.
The company’s shares closed last Thursday at C$2.40, close to its 52-week low of C$2.29.
