BidaskClub upgraded shares of AMC Networks (NASDAQ:AMCX) from a hold rating to a buy rating in a research report released on Thursday morning, BidAskClub reports.
Other equities analysts have also recently issued reports about the stock. ValuEngine upgraded shares of AMC Networks from a sell rating to a hold rating in a report on Tuesday, November 3rd. TheStreet upgraded AMC Networks from a c rating to a b- rating in a research note on Tuesday, December 15th. JPMorgan Chase & Co. lowered AMC Networks from a neutral rating to an underweight rating and set a $20.00 target price on the stock. in a research report on Monday, October 19th. Zacks Investment Research lowered AMC Networks from a hold rating to a sell rating in a report on Tuesday, January 5th. Finally, Morgan Stanley increased their price objective on AMC Networks from $25.00 to $26.00 and gave the stock an equal weight rating in a report on Tuesday, November 3rd. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and an average price target of $26.75.
NASDAQ:AMCX opened at $39.18 on Thursday. The stock has a market cap of $1.62 billion, a PE ratio of 15.55 and a beta of 1.35. AMC Networks has a fifty-two week low of $19.62 and a fifty-two week high of $42.63. The company has a debt-to-equity ratio of 3.89, a current ratio of 2.43 and a quick ratio of 2.43. The stock’s 50-day moving average is $33.14 and its two-hundred day moving average is $26.30.
AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings results on Saturday, November 7th. The company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.08 by $0.24. The business had revenue of $654.02 million during the quarter, compared to analysts’ expectations of $608.67 million. AMC Networks had a net margin of 4.85% and a return on equity of 53.93%. The firm’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period last year, the company posted $2.33 earnings per share. On average, equities research analysts anticipate that AMC Networks will post 6.86 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of AMCX. Marshall Wace LLP bought a new position in shares of AMC Networks in the first quarter valued at approximately $128,000. FMR LLC grew its stake in AMC Networks by 5.8% in the 1st quarter. FMR LLC now owns 414,800 shares of the company’s stock valued at $23,544,000 after buying an additional 22,683 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in AMC Networks by 23.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 3,417 shares of the company’s stock worth $80,000 after acquiring an additional 649 shares during the period. Commonwealth Equity Services LLC bought a new position in AMC Networks in the 2nd quarter worth $272,000. Finally, American International Group Inc. lifted its position in AMC Networks by 14.8% during the 2nd quarter. American International Group Inc. now owns 98,940 shares of the company’s stock worth $2,314,000 after acquiring an additional 12,748 shares during the last quarter. Hedge funds and other institutional investors own 81.48% 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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