TheStreet Downgrades AMC Networks Inc. (AMCX) to C

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.

Analyst Recommendations for AMC Networks (NASDAQ:AMCX)

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