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Regal Should Be Entertaining In The Coming Weeks!

|Includes:Regal Entertainment Group (RGC)

Over the last week most of the analysts following RGC and have upgraded their estimates for the company, with an average lift in consensus above 20% vs. a month ago

- For fiscal 2012, 15 out of 20 analyst have increased their estimates, raising the consensus EPS to $0.83 from $0.70 a month ago

- For fiscal 2013, 15 out of 18 analysts have increased their estimates, raising the consensus EPS to $0.88 vs. $0.75 a month ago

While the stock has increased a bit during last week I believe there is still some ways up for the stock to reflect the new reality of EPS estimates.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: RGC