Amc Networks (NASDAQ:AMCX) had its price target raised by equities researchers at JPMorgan Chase & Co. from $62.00 to $65.00 in a research report issued to clients and investors on Friday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s price objective would indicate a potential upside of 10.21% from the company’s current price.
A number of other equities research analysts have also weighed in on the stock. ValuEngine upgraded shares of Amc Networks from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub upgraded shares of Amc Networks from a “hold” rating to a “buy” rating in a research note on Friday, October 19th. Zacks Investment Research lowered shares of Amc Networks from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Finally, Goldman Sachs Group lowered shares of Amc Networks from a “neutral” rating to a “sell” rating and set a $61.00 target price for the company. in a research note on Thursday, October 4th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $61.26.
AMCX traded down $1.42 during mid-day trading on Friday, reaching $58.98. 927,854 shares of the company traded hands, compared to its average volume of 715,382. The firm has a market cap of $3.29 billion, a PE ratio of 7.99, a P/E/G ratio of 0.76 and a beta of 0.69. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 16.00. Amc Networks has a 52-week low of $46.89 and a 52-week high of $69.02.
Amc Networks (NASDAQ:AMCX) last announced its earnings results on Thursday, November 1st. The company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.78 by $0.37. The business had revenue of $696.87 million during the quarter, compared to analyst estimates of $693.20 million. Amc Networks had a net margin of 17.22% and a return on equity of 278.30%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 EPS. As a group, research analysts forecast that Amc Networks will post 8.26 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the company. First Hawaiian Bank purchased a new stake in shares of Amc Networks in the 3rd quarter worth $123,000. Advisors Preferred LLC increased its stake in shares of Amc Networks by 265.9% in the 2nd quarter. Advisors Preferred LLC now owns 2,009 shares of the company’s stock worth $125,000 after purchasing an additional 1,460 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in shares of Amc Networks in the 2nd quarter worth $213,000. Creative Planning purchased a new stake in shares of Amc Networks in the 2nd quarter worth $245,000. Finally, Sigma Planning Corp purchased a new stake in shares of Amc Networks in the 2nd quarter worth $282,000. Hedge funds and other institutional investors own 84.41% of the company’s stock.
About Amc Networks
AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.
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