AMC Networks Inc. (NASDAQ:AMCX) was downgraded by equities research analysts at TheStreet from a “b-” rating to a “c” rating in a research report issued to clients and investors on Tuesday.
A number of other analysts have also recently commented on AMCX. Piper Jaffray Companies set a $60.00 price target on AMC Networks and gave the stock a “hold” rating in a research report on Wednesday, November 1st. Jefferies Group LLC restated a “hold” rating and issued a $65.00 price target (up previously from $60.00) on shares of AMC Networks in a research report on Friday, August 4th. BidaskClub upgraded AMC Networks from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Loop Capital reduced their price target on AMC Networks from $60.00 to $55.00 and set a “hold” rating for the company in a research report on Friday, November 3rd. Finally, Morgan Stanley reduced their price target on AMC Networks from $60.00 to $55.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $59.62.
AMC Networks (NASDAQ AMCX) traded up $0.46 during trading on Tuesday, reaching $48.39. The company had a trading volume of 790,100 shares, compared to its average volume of 747,143. The stock has a market capitalization of $2,965.09, a PE ratio of 6.89, a PEG ratio of 0.90 and a beta of 1.09. The company has a debt-to-equity ratio of 37.53, a quick ratio of 2.57 and a current ratio of 2.57. AMC Networks has a 12 month low of $46.89 and a 12 month high of $67.61.
AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Thursday, November 2nd. The company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.53. The business had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $660.79 million. AMC Networks had a return on equity of 948.45% and a net margin of 12.12%. The business’s quarterly revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.11 earnings per share. equities research analysts anticipate that AMC Networks will post 7.01 EPS for the current fiscal year.
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Institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. boosted its stake in AMC Networks by 24.4% during the second quarter. Advisor Group Inc. now owns 2,111 shares of the company’s stock valued at $112,000 after buying an additional 414 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in AMC Networks by 9.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock valued at $116,000 after buying an additional 181 shares during the last quarter. Americafirst Capital Management LLC bought a new position in AMC Networks during the second quarter valued at approximately $153,000. Riverhead Capital Management LLC boosted its stake in AMC Networks by 69.9% during the second quarter. Riverhead Capital Management LLC now owns 3,228 shares of the company’s stock valued at $172,000 after buying an additional 1,328 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in AMC Networks by 2.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock valued at $175,000 after buying an additional 88 shares during the last quarter. 83.04% of the stock is owned by institutional investors.
AMC Networks Company Profile
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.
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