AMC Entertainment (AMC) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of AMC Entertainment (NYSE:AMC) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

According to Zacks, “AMC Entertainment Holdings, Inc., operates as a theatrical exhibition company primarily in the United States and internationally. It owned or interests in theatres and screens. AMC Entertainment Holdings, Inc. is based in Leawood, Kansas. “

A number of other research analysts also recently commented on AMC. Barclays set a $16.00 target price on shares of AMC Entertainment and gave the company a hold rating in a research report on Tuesday, August 29th. Citigroup reissued a buy rating and set a $21.00 target price (down previously from $30.00) on shares of AMC Entertainment in a research report on Monday, September 11th. MKM Partners reaffirmed a buy rating and issued a $28.00 price objective on shares of AMC Entertainment in a research report on Monday, September 18th. Credit Suisse Group cut their price objective on shares of AMC Entertainment from $14.00 to $12.00 and set an underperform rating on the stock in a research report on Thursday, September 28th. Finally, B. Riley set a $31.00 price objective on shares of AMC Entertainment and gave the stock a buy rating in a research report on Wednesday, October 18th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $23.88.

AMC Entertainment (NYSE AMC) opened at $14.90 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 2.01. The company has a market cap of $1,986.75, a PE ratio of -11.64 and a beta of 1.37. AMC Entertainment has a 12-month low of $10.80 and a 12-month high of $35.50.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Monday, November 6th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.04). The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. AMC Entertainment had a negative net margin of 3.87% and a negative return on equity of 6.20%. The company’s revenue for the quarter was up 51.2% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. equities research analysts expect that AMC Entertainment will post -1.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Monday, December 4th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend was Friday, December 1st. AMC Entertainment’s dividend payout ratio (DPR) is presently -62.50%.

Hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. boosted its stake in AMC Entertainment by 8.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock worth $110,000 after purchasing an additional 372 shares in the last quarter. Seven Eight Capital LP acquired a new stake in AMC Entertainment in the 2nd quarter worth approximately $125,000. Pacer Advisors Inc. lifted its stake in AMC Entertainment by 12.0% during the 2nd quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock valued at $127,000 after acquiring an additional 601 shares during the period. NJ State Employees Deferred Compensation Plan acquired a new stake in AMC Entertainment during the 3rd quarter valued at approximately $147,000. Finally, Financial Consulate Inc. acquired a new stake in AMC Entertainment during the 3rd quarter valued at approximately $162,000. Institutional investors own 48.60% of the company’s stock.

WARNING: This article was reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.com-unik.info/2017/12/24/amc-entertainment-amc-cut-to-sell-at-zacks-investment-research.html.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.

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Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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AMC Entertainment (AMC) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of AMC Entertainment (NYSE:AMC) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

According to Zacks, “AMC Entertainment Holdings, Inc., operates as a theatrical exhibition company primarily in the United States and internationally. It owned or interests in theatres and screens. AMC Entertainment Holdings, Inc. is based in Leawood, Kansas. “

A number of other research analysts also recently commented on AMC. Barclays set a $16.00 target price on shares of AMC Entertainment and gave the company a hold rating in a research report on Tuesday, August 29th. Citigroup reissued a buy rating and set a $21.00 target price (down previously from $30.00) on shares of AMC Entertainment in a research report on Monday, September 11th. MKM Partners reaffirmed a buy rating and issued a $28.00 price objective on shares of AMC Entertainment in a research report on Monday, September 18th. Credit Suisse Group cut their price objective on shares of AMC Entertainment from $14.00 to $12.00 and set an underperform rating on the stock in a research report on Thursday, September 28th. Finally, B. Riley set a $31.00 price objective on shares of AMC Entertainment and gave the stock a buy rating in a research report on Wednesday, October 18th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $23.88.

AMC Entertainment (NYSE AMC) opened at $14.90 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 2.01. The company has a market cap of $1,986.75, a PE ratio of -11.64 and a beta of 1.37. AMC Entertainment has a 12-month low of $10.80 and a 12-month high of $35.50.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Monday, November 6th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.04). The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.16 billion. AMC Entertainment had a negative net margin of 3.87% and a negative return on equity of 6.20%. The company’s revenue for the quarter was up 51.2% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. equities research analysts expect that AMC Entertainment will post -1.28 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 18th. Investors of record on Monday, December 4th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend was Friday, December 1st. AMC Entertainment’s dividend payout ratio (DPR) is presently -62.50%.

Hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. boosted its stake in AMC Entertainment by 8.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock worth $110,000 after purchasing an additional 372 shares in the last quarter. Seven Eight Capital LP acquired a new stake in AMC Entertainment in the 2nd quarter worth approximately $125,000. Pacer Advisors Inc. lifted its stake in AMC Entertainment by 12.0% during the 2nd quarter. Pacer Advisors Inc. now owns 5,600 shares of the company’s stock valued at $127,000 after acquiring an additional 601 shares during the period. NJ State Employees Deferred Compensation Plan acquired a new stake in AMC Entertainment during the 3rd quarter valued at approximately $147,000. Finally, Financial Consulate Inc. acquired a new stake in AMC Entertainment during the 3rd quarter valued at approximately $162,000. Institutional investors own 48.60% of the company’s stock.

WARNING: This article was reported by Community Financial News and is owned by of Community Financial News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States and international trademark and copyright laws. The original version of this article can be accessed at https://www.com-unik.info/2017/12/24/amc-entertainment-amc-cut-to-sell-at-zacks-investment-research.html.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.

Get a free copy of the Zacks research report on AMC Entertainment (AMC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

Receive News & Ratings for AMC Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

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