AMC Networks Coverage Initiated by Analysts at Janney Montgomery Scott (AMCX)
Investment analysts at Janney Montgomery Scott started coverage on shares of AMC Networks (NASDAQ:AMCX) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
A number of other analysts have also recently weighed in on AMCX. Analysts at ISI Group initiated coverage on shares of AMC Networks (NASDAQ:AMCX) in a research note to investors on Tuesday. They set a “buy” rating and a $72.00 price target on the stock. Separately, analysts at Sanford C. Bernstein cut their price target on shares of AMC Networks (NASDAQ:AMCX) from $79.00 to $77.00 in a research note to investors on Tuesday. They now have an “outperform” rating on the stock. Finally, 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.
One analyst has rated the stock with a sell rating, four have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $73.19.
AMC Networks (NASDAQ:AMCX) traded up 0.10% on Wednesday, hitting $63.575. 93,260 shares of the company’s stock traded hands. AMC Networks has a 52 week low of $40.00 and a 52 week high of $72.46. The stock’s 50-day moving average is $65.82 and its 200-day moving average is $64.39. The company has a market cap of $4.595 billion and a price-to-earnings ratio of 18.43.
AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.87 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.59 earnings per share. AMC Networks’s revenue was up 15.8% compared to the same quarter last year. On average, analysts predict that AMC Networks will post $3.22 earnings per share 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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