Piper Jaffray Cuts Price Target to $26 on Ascent Media (ASCMA) Following 3Q
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Ascent Capital Group Announces Financial Results for the Three and Nine Months Ended September 30, 2015
November 9, 2015 4:06 PM ESTENGLEWOOD, Colo., Nov. 09, 2015 (GLOBE NEWSWIRE) -- Ascent Capital Group, Inc. (Ascent or the Company) (Nasdaq: ASCMA) has reported results for the three and nine months ended September 30, 2015. Ascent is a holding company that owns Monitronics International, Inc. (Monitronics), the nations second largest home security alarm monitoring company.
Headquartered in Dallas, Texas, Monitronics provides security alarm monitoring services to nearly 1.1 million residential and commercial customers as of September 30, 2015. Monitronics long-term monitoring contracts provide high margin recurring revenue that results in predictable and stable cash flow.
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