NEW YORK (TheStreet) -- A smash-hit since it skated into theaters in November, Frozen has now earned the honor of being the highest-grossing animated movie ever.
Disney's (DIS) animated musical has generated $398.4 million in U.S. and Canadian theaters since its Thanksgiving opening weekend, while foreign box offices contributed $674 million, adding to a total worldwide gross of $1.072 billion, according to Boxofficemojo.com.
The film, loosely based on Hans Christian Anderson's fairytale The Snow Queen, surpassed Disney's Toy Story 3 which last held the title of highest-grossing animation when it was released in 2010, earning $1.063 billion in sales.
Frozen also holds the 10th spot on the list of films with the highest worldwide gross of all time.
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TheStreet Ratings team rates DISNEY (WALT) CO as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate DISNEY (WALT) CO (DIS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins."