AMC Networks (AMCX) Upgraded at BidaskClub

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.

AMC Networks (NASDAQ:AMCX) last posted its earnings results on Thursday, November 2nd. The company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.53. AMC Networks had a return on equity of 948.45% and a net margin of 12.12%. The firm had revenue of $648.00 million for the quarter, compared to analyst estimates of $660.79 million. During the same quarter in the prior year, the company earned $1.11 EPS. AMC Networks’s revenue was up 2.1% on a year-over-year basis. analysts anticipate that AMC Networks will post 7.01 EPS for the current year.

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.

Analyst Recommendations for AMC Networks (NASDAQ:AMCX)

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