Netflix Competitor Coinstar is Upgraded to Overweight
Piper Jaffray reiterated its rating of “Overweight” on movie rental company Coinstar (NASDAQ:CSTR). The share recently traded at $51.42, up $1.56, or 3.13%, on the day. The shares have traded in a 52-week range of $37.43 to $67.56 and its market capitalization is $1.58 billion. About the company: Coinstar, Inc, owns and operates vending machines and offers financial services. The Company rents movies on DVD from vending machines; operates coin machines; and offers global money transfers and prepaid debit/credit cards.
Shares of its main competitor, Netflix (NASDAQ:NFLX), recently traded at $114.53, up $5.87, or 5.36%, on the day. The shares have traded in a 52-week range of $103.13 to $304.79 and its market capitalization is $6 billion. About the company: Netflix, Inc. is an online movie rental service. The Company ships DVDs with no due dates or late fees, directly to the subscriber’s address. Netflix also provides background information on DVD releases, including critic reviews, member reviews and ratings, and personalized movie recommendations.
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