Time New York: Mon 18 Feb 20:42 pm  |  Save 15% on H&R Block Online


IMAX to Expand Latin American Base Through Supercines Deal


IMAX Corporation IMAX has recently announced a sales agreement with Supercines, the largest movie chain in Ecuador. The deal is to install five new IMAX theatres across the South American country of which, three are to be located in Guayaquil while the other two in Ambato and Machala, respectively.

Following this deal, Supercines totals seven IMAX theatres across Ecuador with the existing ones at Guayaquil and Quito.

The company has been inking multiple deals of late to expand its global presence. This new contract will support its expansion efforts in Latin America.

Imax Corporation Price

Imax Corporation Price | Imax Corporation Quote

Last December, the company signed a multi-picture deal with Twentieth Century Fox Film, a division of 21st Century Fox. By the dint of this agreement, partnership is extended between the companies through 2019. It covers flicks like Kingsman: The Golden Circle, released in September 2017, The Darkest Minds as well as Marvel movies namely The New Mutants, X-Men: Dark Phoenix and Gambit. All films will be digitally re-mastered into the immersive IMAX format and released at IMAX halls.

In August 2017, the company had entered into an agreement with Cineplex to install two IMAX auditoriums and the first IMAX VR Centre in Canada.

Zacks Rank & Key Picks

IMAX carries a Zacks Rank #4 (Sell).

Some better-ranked stocks in the broader Consumer Discretionary sector are Churchill Downs, Incorporated CHDN, Caleres, Inc. CAL and Crocs, Inc. CROX. While Churchill Downs sports a Zacks Rank #1 (Strong Buy), Caleres and Crocs carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Shares of Churchill Downs, Caleres and Crocs have gained more than 20%, 5% and 33%, respectively, in the last three months.

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.