AMC Networks Lowered to “Neutral” at Ned Davis Research (AMCX)
AMC Networks (NASDAQ:AMCX) was downgraded by equities researchers at Ned Davis Research from a “buy” rating to a “neutral” rating in a research report issued on Monday, AR Network reports.
Shares of AMC Networks (NASDAQ:AMCX) traded up 1.29% on Monday, hitting $67.74. The stock had a trading volume of 139,638 shares. AMC Networks has a 1-year low of $40.75 and a 1-year high of $72.46. The stock’s 50-day moving average is $64.5 and its 200-day moving average is $64.98. The company has a market cap of $4.896 billion and a P/E ratio of 19.41.
AMC Networks (NASDAQ:AMCX) last released its earnings data on Thursday, August 8th. The company reported $1.87 EPS for the quarter, beating the Thomson Reuters 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.
A number of other firms have also recently commented on AMCX. Analysts at Janney Montgomery Scott initiated coverage on shares of AMC Networks (NASDAQ:AMCX) in a research note to investors on Wednesday, September 11th. They set a “buy” rating on the stock. Separately, analysts at ISI Group initiated coverage on shares of AMC Networks (NASDAQ:AMCX) in a research note to investors on Tuesday, September 10th. They set a “buy” rating and a $72.00 price target on the stock. Finally, 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, September 10th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $73.19.
AMC Networks Inc (NASDAQ:AMCX) is a holding company and conducts substantially all of its operations through its subsidiaries.
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