Shares of AMC Networks Inc (NASDAQ:AMCX) have been assigned an average recommendation of “Hold” from the sixteen research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $59.55.
A number of research analysts recently issued reports on AMCX shares. BidaskClub lowered shares of AMC Networks from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 4th. Zacks Investment Research lowered shares of AMC Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Morgan Stanley raised their target price on shares of AMC Networks from $55.00 to $57.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 31st. Macquarie lowered shares of AMC Networks from an “outperform” rating to a “neutral” rating and set a $60.00 target price on the stock. in a research note on Tuesday, January 2nd. Finally, Moffett Nathanson upgraded shares of AMC Networks from a “sell” rating to a “neutral” rating in a research note on Tuesday, February 20th.
AMC Networks (NASDAQ AMCX) traded down $0.32 during trading hours on Friday, reaching $50.46. 505,212 shares of the company were exchanged, compared to its average volume of 711,924. AMC Networks has a 1-year low of $46.89 and a 1-year high of $67.44. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 19.07. The firm has a market cap of $3,108.41, a price-to-earnings ratio of 6.97, a PEG ratio of 0.87 and a beta of 0.84.
AMC Networks (NASDAQ:AMCX) last posted its earnings results on Thursday, March 1st. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.49 by $0.19. AMC Networks had a net margin of 16.80% and a return on equity of 531.46%. The business had revenue of $726.93 million for the quarter, compared to analyst estimates of $730.82 million. During the same period last year, the business posted $1.30 EPS. AMC Networks’s revenue was down .4% compared to the same quarter last year. equities analysts anticipate that AMC Networks will post 8.02 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its position in AMC Networks by 24.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 54,061 shares of the company’s stock worth $3,161,000 after purchasing an additional 10,539 shares during the last quarter. AXA grew its position in AMC Networks by 468.7% in the 3rd quarter. AXA now owns 245,100 shares of the company’s stock worth $14,331,000 after purchasing an additional 202,000 shares during the last quarter. U S Global Investors Inc. acquired a new stake in AMC Networks in the 3rd quarter worth $1,462,000. Legal & General Group Plc grew its position in AMC Networks by 25.3% in the 3rd quarter. Legal & General Group Plc now owns 58,260 shares of the company’s stock worth $3,406,000 after purchasing an additional 11,781 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its holdings in shares of AMC Networks by 1.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 312,148 shares of the company’s stock worth $18,252,000 after acquiring an additional 5,182 shares during the period. Institutional investors own 88.71% of the company’s stock.
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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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