Other analysts have also issued research reports about the stock. Jefferies Group LLC reiterated a hold rating and set a $60.00 target price on shares of AMC Networks in a research note on Monday, July 10th. Cowen and Company reissued a hold rating and set a $53.00 price target on shares of AMC Networks in a report on Thursday, September 21st. BidaskClub raised shares of AMC Networks from a buy rating to a strong-buy rating in a report on Monday, July 31st. Zacks Investment Research downgraded shares of AMC Networks from a buy rating to a hold rating in a report on Friday, July 14th. Finally, Morgan Stanley reduced their price target on shares of AMC Networks from $60.00 to $55.00 and set an equal weight rating for the company in a report on Tuesday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $58.00.
AMC Networks (NASDAQ AMCX) traded down $3.49 during mid-day trading on Wednesday, reaching $47.50. 1,621,309 shares of the company’s stock traded hands, compared to its average volume of 873,251. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 43.05. AMC Networks has a 12-month low of $47.44 and a 12-month high of $67.61. The company has a market capitalization of $3.02 billion, a price-to-earnings ratio of 6.97, a price-to-earnings-growth ratio of 0.76 and a beta of 1.09.
AMC Networks (NASDAQ:AMCX) last released its earnings results on Thursday, November 2nd. The company reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.53. AMC Networks had a net margin of 12.12% and a return on equity of 1,224.87%. The firm had revenue of $648.00 million during the quarter, compared to analyst estimates of $660.79 million. During the same quarter in the previous year, the firm earned $1.11 earnings per share. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. equities research analysts predict that AMC Networks will post 6.75 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently modified their holdings of AMCX. Advisor Group Inc. lifted its holdings in AMC Networks by 24.4% in the 2nd quarter. Advisor Group Inc. now owns 2,111 shares of the company’s stock valued at $112,000 after acquiring an additional 414 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in AMC Networks by 9.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock worth $116,000 after buying an additional 181 shares during the period. Americafirst Capital Management LLC acquired a new stake in AMC Networks during the 2nd quarter worth about $153,000. Riverhead Capital Management LLC raised its holdings in AMC Networks by 69.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,228 shares of the company’s stock worth $172,000 after buying an additional 1,328 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in AMC Networks by 2.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock worth $175,000 after buying an additional 88 shares during the period. 85.06% of the stock is owned by institutional investors.
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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