AMC Networks PT Lowered to $77.00 (AMCX)
Analysts at Sanford C. Bernstein decreased their price target on shares of AMC Networks (NASDAQ:AMCX) from $79.00 to $77.00 in a research report issued to clients and investors on Tuesday, American Banking and Market News reports. The firm currently has an “outperform” rating on the stock. Sanford C. Bernstein’s target price would suggest a potential upside of 21.24% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of AMC Networks (NASDAQ:AMCX) from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, August 30th. They now have a $74.70 price target on the stock. Separately, analysts at B. Riley upgraded shares of AMC Networks (NASDAQ:AMCX) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, August 29th. They now have a $76.00 price target on the stock. Finally, analysts at Telsey Advisory Group cut their price target on shares of AMC Networks (NASDAQ:AMCX) from $80.00 to $78.00 in a research note to investors on Thursday, August 22nd. They now have a “not rated” rating on the stock.
One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $73.28.
Shares of AMC Networks (NASDAQ:AMCX) traded down 0.03% during mid-day trading on Tuesday, hitting $63.51. 338,604 shares of the company’s stock traded hands. AMC Networks has a one year low of $40.00 and a one year high of $72.46. The stock’s 50-day moving average is $65.98 and its 200-day moving average is $64.36. The company has a market cap of $4.590 billion and a P/E ratio of 18.44.
AMC Networks (NASDAQ:AMCX) last released its earnings data on Thursday, August 8th. The company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $1.09. The company had revenue of $379.30 million for the quarter, compared to the consensus estimate of $368.08 million. During the same quarter in the previous year, the company posted $0.59 earnings per share. The company’s revenue for the quarter was up 15.8% on a year-over-year basis. Analysts expect that AMC Networks will post $3.22 EPS for the current fiscal year.
AMC Networks Inc (NASDAQ:AMCX) is a holding company and conducts substantially all of its operations through its subsidiaries.
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