Amc Networks (NASDAQ:AMCX) had its price target increased by analysts at Deutsche Bank from $55.00 to $60.00 in a research note issued to investors on Monday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price points to a potential downside of 3.01% from the stock’s current price.
A number of other analysts have also commented on the company. BidaskClub upgraded Amc Networks from a “sell” rating to a “hold” rating in a report on Friday, September 28th. Goldman Sachs Group lowered Amc Networks from a “neutral” rating to a “sell” rating and set a $61.00 price target on the stock. in a report on Thursday, October 4th. ValuEngine upgraded Amc Networks from a “strong sell” rating to a “sell” rating in a report on Monday, August 20th. Zacks Investment Research lowered Amc Networks from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Finally, JPMorgan Chase & Co. lifted their price target on Amc Networks from $62.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $62.20.
Amc Networks stock traded up $2.88 during mid-day trading on Monday, reaching $61.86. 1,245,150 shares of the company’s stock were exchanged, compared to its average volume of 717,858. The firm has a market capitalization of $3.36 billion, a P/E ratio of 8.39, a price-to-earnings-growth ratio of 0.79 and a beta of 0.79. Amc Networks has a one year low of $46.89 and a one year high of $69.02. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 10.69.
Amc Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Thursday, November 1st. The company reported $2.15 EPS for the quarter, topping the Zacks’ consensus estimate of $1.78 by $0.37. The business had revenue of $696.87 million for the quarter, compared to analyst estimates of $693.20 million. Amc Networks had a return on equity of 221.77% and a net margin of 17.76%. Amc Networks’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the company posted $1.68 earnings per share. Analysts predict that Amc Networks will post 8.19 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in the business. Joel Isaacson & Co. LLC increased its position in Amc Networks by 15.0% in the second quarter. Joel Isaacson & Co. LLC now owns 8,050 shares of the company’s stock worth $501,000 after buying an additional 1,050 shares during the last quarter. Chicago Equity Partners LLC grew its position in shares of Amc Networks by 1.7% in the second quarter. Chicago Equity Partners LLC now owns 63,370 shares of the company’s stock valued at $3,942,000 after purchasing an additional 1,085 shares in the last quarter. Hussman Strategic Advisors Inc. grew its position in shares of Amc Networks by 5.2% in the third quarter. Hussman Strategic Advisors Inc. now owns 26,300 shares of the company’s stock valued at $1,745,000 after purchasing an additional 1,300 shares in the last quarter. Verity Asset Management Inc. grew its position in shares of Amc Networks by 32.3% in the second quarter. Verity Asset Management Inc. now owns 5,879 shares of the company’s stock valued at $366,000 after purchasing an additional 1,435 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of Amc Networks by 32.4% in the second quarter. State of Alaska Department of Revenue now owns 5,970 shares of the company’s stock valued at $371,000 after purchasing an additional 1,460 shares in the last quarter. 84.49% of the stock is owned by institutional investors and hedge funds.
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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