AMC Networks Inc (NASDAQ:AMCX) – Investment analysts at Jefferies Group decreased their FY2017 earnings per share estimates for shares of AMC Networks in a research report issued on Wednesday, Zacks Investment Research reports. Jefferies Group analyst J. Janedis now forecasts that the company will post earnings of $7.08 per share for the year, down from their prior estimate of $7.20. Jefferies Group has a “Hold” rating and a $55.00 price target on the stock. Jefferies Group also issued estimates for AMC Networks’ Q1 2018 earnings at $2.10 EPS, Q2 2018 earnings at $1.82 EPS, Q3 2018 earnings at $1.58 EPS, Q4 2018 earnings at $1.40 EPS and FY2018 earnings at $6.90 EPS.
A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research raised AMC Networks from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Tuesday, January 2nd. TheStreet cut AMC Networks from a “b-” rating to a “c” rating in a report on Tuesday, November 14th. Morgan Stanley cut their price target on AMC Networks from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 31st. Macquarie cut AMC Networks from an “outperform” rating to a “neutral” rating and set a $60.00 price target on the stock. in a report on Tuesday, January 2nd. Finally, BidaskClub raised AMC Networks from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 19th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $62.42.
Shares of AMC Networks (NASDAQ:AMCX) traded up $0.16 during mid-day trading on Friday, reaching $51.10. The company’s stock had a trading volume of 751,926 shares, compared to its average volume of 778,477. 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. The firm has a market capitalization of $3,150.00, a P/E ratio of 10.08, a P/E/G ratio of 0.93 and a beta of 0.91.
A number of large investors have recently made changes to their positions in AMCX. Advisor Group Inc. raised its holdings in AMC Networks by 24.4% during the second quarter. Advisor Group Inc. now owns 2,111 shares of the company’s stock worth $112,000 after purchasing an additional 414 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in AMC Networks by 9.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock worth $116,000 after purchasing an additional 181 shares in the last quarter. Americafirst Capital Management LLC bought a new stake in AMC Networks during the second quarter worth approximately $153,000. Riverhead Capital Management LLC raised its holdings in AMC Networks by 69.9% during the second quarter. Riverhead Capital Management LLC now owns 3,228 shares of the company’s stock worth $172,000 after purchasing an additional 1,328 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings 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 worth $175,000 after purchasing an additional 88 shares in the last quarter. 86.93% of the stock is currently 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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