BidaskClub Downgrades Amc Networks (AMCX) to Hold

Amc Networks (NASDAQ:AMCX) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other research analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Amc Networks from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. Deutsche Bank upped their price target on shares of Amc Networks from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Monday, November 5th. JPMorgan Chase & Co. upped their price target on shares of Amc Networks from $62.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, November 2nd. ValuEngine upgraded shares of Amc Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Finally, Goldman Sachs Group lowered shares of Amc Networks from a “neutral” rating to a “sell” rating and set a $61.00 price target on the stock. in a research note on Thursday, October 4th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. Amc Networks has a consensus rating of “Hold” and an average price target of $62.20.

Shares of Amc Networks stock opened at $58.27 on Tuesday. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 10.69. Amc Networks has a 12-month low of $48.00 and a 12-month high of $69.02. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 7.91, a P/E/G ratio of 0.86 and a beta of 0.84.

Amc Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Thursday, November 1st. The company reported $2.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.37. Amc Networks had a net margin of 17.76% and a return on equity of 221.77%. The business had revenue of $696.87 million for the quarter, compared to analyst estimates of $693.20 million. During the same quarter in the prior year, the business posted $1.68 EPS. Amc Networks’s revenue for the quarter was up 7.5% compared to the same quarter last year. Research analysts forecast that Amc Networks will post 8.34 EPS for the current year.

Several large investors have recently added to or reduced their stakes in AMCX. Ancora Advisors LLC acquired a new stake in shares of Amc Networks in the third quarter worth $109,000. First Hawaiian Bank acquired a new stake in shares of Amc Networks in the third quarter worth $123,000. Advisors Preferred LLC increased its stake in shares of Amc Networks by 265.9% in the second quarter. Advisors Preferred LLC now owns 2,009 shares of the company’s stock worth $125,000 after acquiring an additional 1,460 shares during the period. Bank of Hawaii acquired a new stake in shares of Amc Networks in the third quarter worth $206,000. Finally, IFG Advisory LLC acquired a new stake in shares of Amc Networks in the third quarter worth $209,000. Hedge funds and other institutional investors own 85.97% 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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