DHX Media (DHX) Downgraded by Echelon Wealth Partners

DHX Media (TSE:DHX) was downgraded by equities researchers at Echelon Wealth Partners from a “buy” rating to a “speculative buy” rating in a note issued to investors on Friday, September 14th. They presently have a C$3.75 price objective on the stock, down from their prior price objective of C$5.75. Echelon Wealth Partners’ price objective points to a potential upside of 80.29% from the stock’s current price.

DHX Media stock traded up C$0.09 during mid-day trading on Friday, reaching C$2.08. 917,972 shares of the company were exchanged, compared to its average volume of 968,187. DHX Media has a twelve month low of C$1.09 and a twelve month high of C$3.52.

In other DHX Media news, Director Jonathan Whitcher acquired 20,000 shares of the stock in a transaction dated Wednesday, October 3rd. The stock was acquired at an average price of C$1.59 per share, with a total value of C$31,800.00. Insiders have acquired 30,500 shares of company stock valued at $50,846 in the last three months.

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. It operates through three segments: Content Business, DHX Television Ltd., and Copyright Promotions Licensing Group.

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