AMC Networks (NASDAQ:AMCX) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Tuesday, December 19th.
Other analysts have also issued reports about the stock. Jefferies Group restated a “hold” rating and issued a $65.00 price objective on shares of AMC Networks in a report on Tuesday, September 12th. Cowen reiterated a “hold” rating and set a $53.00 target price on shares of AMC Networks in a report on Thursday, September 21st. Piper Jaffray Companies set a $60.00 target price on shares of AMC Networks and gave the company a “hold” rating in a report on Wednesday, November 1st. ValuEngine upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, December 4th. Finally, Morgan Stanley lowered their target price on shares of AMC Networks from $60.00 to $55.00 and set an “equal weight” rating for the company in a report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $61.42.
AMC Networks (NASDAQ AMCX) traded up $0.32 during midday trading on Tuesday, hitting $53.30. The company had a trading volume of 788,634 shares, compared to its average volume of 846,487. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 37.53. AMC Networks has a 12 month low of $46.89 and a 12 month high of $67.61. The company has a market capitalization of $3,300.00, a PE ratio of 10.51, a PEG ratio of 1.00 and a beta of 1.10.
AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $1.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.53. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. The business had revenue of $648.00 million during the quarter, compared to analyst estimates of $660.79 million. During the same period last year, the business posted $1.11 earnings per share. AMC Networks’s quarterly revenue was up 2.1% compared to the same quarter last year. equities analysts anticipate that AMC Networks will post 7.01 EPS for the current year.
Several hedge funds have recently modified their holdings of AMCX. Investec Asset Management LTD grew its position in shares of AMC Networks by 45.0% during the 3rd quarter. Investec Asset Management LTD now owns 1,799,372 shares of the company’s stock valued at $105,209,000 after acquiring an additional 558,579 shares during the period. AJO LP grew its position in shares of AMC Networks by 121.4% during the 2nd quarter. AJO LP now owns 996,174 shares of the company’s stock valued at $53,206,000 after acquiring an additional 546,211 shares during the period. LSV Asset Management grew its position in shares of AMC Networks by 284.0% during the 2nd quarter. LSV Asset Management now owns 721,131 shares of the company’s stock valued at $38,515,000 after acquiring an additional 533,360 shares during the period. American Century Companies Inc. bought a new stake in shares of AMC Networks during the 3rd quarter valued at $20,212,000. Finally, JPMorgan Chase & Co. grew its position in shares of AMC Networks by 206.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 505,435 shares of the company’s stock valued at $26,996,000 after acquiring an additional 340,632 shares during the period. 86.83% of the stock is owned by hedge funds and other institutional investors.
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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.
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