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Actionable news in STRZA: Starz,

Starz (STRZA) Stock Jumps Despite Disappointing Q1 Results

NEW YORK (TheStreet) -- Starz (STRZA - Get Report) stock is advancing 10.64% to $27.46 on heavy trading volume on Friday afternoon despite the entertainment company's weak 2016 first quarter financial report as analysts remain optimistic about the company's financials.

After Thursday's closing bell, Englewood, CO-based Starz reported earnings of 65 cents per share on revenue of $431.9 million for the first quarter, missing estimates that called for earnings of 68 cents per share on revenue of $435.6 million.

Pivotal Research analysts upgraded Starz to "buy" from "hold" earlier today because of the double-digit decline in shares this year as well as the company's "improving" financials, The Fly reports.

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