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Buy Regal on dividend, box-office rebound: RBC

General view at the premiere of "All or Nothing" at Regal Cinemas L.A. Live on June 9, 2016 in Los Angeles.
Noel Vasquez | Getty Images

Investors should load up on shares of Regal Entertainment Group because management may be ready to deploy excess capital in the form of a dividend and box-office receipts should rebound in 2017, RBC Capital Markets predicts.

In a note to clients Wednesday, the investment bank upgraded Regal to "outperform" from "neutral" with a 12-month price target of $23, representing a 17 percent gain from Tuesday's close.