AMC Networks (NASDAQ:AMCX) Upgraded to “Buy” at StockNews.com

AMC Networks (NASDAQ:AMCX) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Monday.

AMCX has been the topic of several other research reports. Seaport Res Ptn upgraded AMC Networks from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company dropped their target price on AMC Networks from $11.00 to $8.00 and set an “underweight” rating on the stock in a research report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $9.50.

AMC Networks Trading Up 2.1 %

NASDAQ:AMCX traded up $0.18 during trading hours on Monday, reaching $8.74. 813,961 shares of the stock were exchanged, compared to its average volume of 710,239. The company has a quick ratio of 2.13, a current ratio of 2.13 and a debt-to-equity ratio of 2.17. The business has a 50-day moving average of $8.30 and a two-hundred day moving average of $10.76. AMC Networks has a twelve month low of $7.08 and a twelve month high of $20.97. The company has a market capitalization of $385.43 million, a price-to-earnings ratio of 13.87 and a beta of 1.29.

AMC Networks (NASDAQ:AMCX) last posted its earnings results on Friday, November 8th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.62 by $0.29. The firm had revenue of $599.60 million for the quarter, compared to analyst estimates of $587.12 million. AMC Networks had a return on equity of 20.47% and a net margin of 2.29%. AMC Networks’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.85 earnings per share. On average, equities analysts predict that AMC Networks will post 4.5 EPS for the current year.

Institutional Investors Weigh In On AMC Networks

Institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of AMC Networks by 3.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,811 shares of the company’s stock worth $520,000 after buying an additional 1,434 shares during the last quarter. EMC Capital Management lifted its position in shares of AMC Networks by 23.8% during the first quarter. EMC Capital Management now owns 7,792 shares of the company’s stock worth $95,000 after purchasing an additional 1,500 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in AMC Networks by 6.6% in the third quarter. Exchange Traded Concepts LLC now owns 34,725 shares of the company’s stock worth $302,000 after acquiring an additional 2,150 shares during the last quarter. Quarry LP lifted its holdings in AMC Networks by 119.2% in the second quarter. Quarry LP now owns 4,295 shares of the company’s stock worth $41,000 after acquiring an additional 2,336 shares during the last quarter. Finally, Entropy Technologies LP increased its stake in shares of AMC Networks by 24.2% in the third quarter. Entropy Technologies LP now owns 14,381 shares of the company’s stock valued at $125,000 after purchasing an additional 2,800 shares during the period. Hedge funds and other institutional investors own 78.51% of the company’s stock.

About AMC Networks

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.