National Cinemedia cut by Benchmark over 'challenging' movie attendance, ad recovery

Oct. 03, 2022 9:17 AM ETNational CineMedia, Inc. (NCMI)CNWGQBy: Chris Ciaccia, SA News Editor2 Comments

Girl enjoying watching a nice movie at the cinema

MixMedia

In-theater advertising company National CineMedia (NASDAQ:NCMI) was downgraded by investment firm Benchmark on Monday, citing a "challenging" movie theater attendance profile and advertising recovery, as well as the company's heavy debt load.

Analyst Mike Hickey lowered his rating

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