BidaskClub upgraded shares of AMC Networks (NASDAQ:AMCX) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday.
Other equities research analysts have also issued research reports about the company. Jefferies Group reaffirmed a hold rating and issued a $65.00 target price on shares of AMC Networks in a research note on Tuesday, September 12th. Cowen reaffirmed a hold rating and issued a $53.00 target price on shares of AMC Networks in a research note on Thursday, September 21st. Piper Jaffray Companies set a $60.00 target price on AMC Networks and gave the company a hold rating in a research note on Wednesday, November 1st. ValuEngine raised AMC Networks from a hold rating to a buy rating in a research note on Monday, December 4th. Finally, Morgan Stanley cut their price target on AMC Networks from $60.00 to $55.00 and set an equal weight rating for the company in a report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of Hold and an average price target of $61.73.
AMC Networks (NASDAQ:AMCX) traded down $0.82 during mid-day trading on Tuesday, reaching $56.35. The company had a trading volume of 223,945 shares, compared to its average volume of 762,926. AMC Networks has a 12-month low of $46.89 and a 12-month high of $67.61. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 37.53. The stock has a market cap of $3,472.99, a price-to-earnings ratio of 8.07, a P/E/G ratio of 1.05 and a beta of 1.10.
A number of institutional investors and hedge funds have recently modified their holdings of AMCX. Advisor Group Inc. raised 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% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock valued at $116,000 after acquiring an additional 181 shares during the last quarter. Americafirst Capital Management LLC acquired a new stake in shares of AMC Networks during the 2nd quarter worth $153,000. Riverhead Capital Management LLC increased its holdings in shares of 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 last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of 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 last quarter. Institutional investors own 86.83% of the company’s stock.
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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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