AMC Networks Inc. (AMCX) Given Consensus Rating of “Hold” by Analysts

Shares of AMC Networks Inc. (NASDAQ:AMCX) have been given an average recommendation of “Hold” by the eighteen brokerages that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $61.25.

A number of analysts have commented on AMCX shares. TheStreet upgraded shares of AMC Networks from a “c” rating to a “b-” rating in a research report on Friday, July 28th. Zacks Investment Research raised shares of AMC Networks from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research note on Thursday, July 13th. BidaskClub raised shares of AMC Networks from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $60.00 price objective on shares of AMC Networks in a research note on Monday, July 10th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $53.00 price objective on shares of AMC Networks in a research note on Thursday, September 21st.

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Several institutional investors have recently added to or reduced their stakes in AMCX. BlackRock Inc. increased its position in shares of AMC Networks by 3,894.6% in the first quarter. BlackRock Inc. now owns 5,048,490 shares of the company’s stock worth $296,245,000 after acquiring an additional 4,922,108 shares in the last quarter. Omega Advisors Inc. purchased a new position in shares of AMC Networks in the first quarter worth approximately $48,850,000. AJO LP increased its position in shares of AMC Networks by 121.4% in the second quarter. AJO LP now owns 996,174 shares of the company’s stock worth $53,206,000 after acquiring an additional 546,211 shares in the last quarter. LSV Asset Management increased its position in shares of AMC Networks by 284.0% in the second quarter. LSV Asset Management now owns 721,131 shares of the company’s stock worth $38,515,000 after acquiring an additional 533,360 shares in the last quarter. Finally, Boston Partners purchased a new position in shares of AMC Networks in the second quarter worth approximately $20,311,000. 84.94% of the stock is currently owned by institutional investors and hedge funds.

AMC Networks (NASDAQ AMCX) traded down 0.55% during mid-day trading on Thursday, hitting $55.59. 562,586 shares of the stock traded hands. The firm has a market cap of $3.53 billion, a PE ratio of 12.15 and a beta of 1.06. AMC Networks has a 12-month low of $46.17 and a 12-month high of $67.61. The stock has a 50 day moving average price of $58.42 and a 200 day moving average price of $57.74.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings results on Thursday, August 3rd. The company reported $1.88 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.47. AMC Networks had a net margin of 11.40% and a return on equity of 683.16%. The company had revenue of $710.55 million for the quarter, compared to the consensus estimate of $715.23 million. During the same period in the previous year, the firm earned $1.15 EPS. AMC Networks’s revenue was up 3.8% on a year-over-year basis. On average, analysts expect that AMC Networks will post $6.67 earnings per share for the current fiscal year.

About AMC Networks

AMC Networks Inc is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.

Analyst Recommendations for AMC Networks (NASDAQ:AMCX)

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