AMC Networks Given Average Recommendation of “Buy” by Brokerages (NASDAQ:AMCX)
AMC Networks (NASDAQ:AMCX) has earned an average recommendation of “Buy” from the twenty-three ratings firms that are presently covering the company, American Banking and Market News reports. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $76.37.
Shares of AMC Networks (NASDAQ:AMCX) opened at 59.85 on Friday. AMC Networks has a 52-week low of $53.99 and a 52-week high of $78.39. The stock has a 50-day moving average of $61.26 and a 200-day moving average of $65.61. The company has a market cap of $4.314 billion and a price-to-earnings ratio of 19.16.
AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by $0.02. The company had revenue of $522.10 million for the quarter, compared to the consensus estimate of $514.30 million. During the same quarter in the previous year, the company posted $1.87 earnings per share. The company’s revenue for the quarter was up 37.6% on a year-over-year basis. Analysts expect that AMC Networks will post $3.93 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Maxim Group cut their price target on shares of AMC Networks from $90.00 to $80.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at MoffettNathanson downgraded shares of AMC Networks from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 4th. They now have a $67.00 price target on the stock, down previously from $72.00. Finally, analysts at Hanson downgraded shares of AMC Networks from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 4th. They now have a $67.00 price target on the stock, down previously from $72.00.
AMC Networks Inc (NASDAQ:AMCX) is a holding company and conducts substantially all of its operations through its subsidiaries.
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