Stifel Nicolaus Reaffirms “Positive” Rating for AMC Networks (AMCX)
AMC Networks (NASDAQ:AMCX) traded up 1.42% on Wednesday, hitting $62.83. The stock had a trading volume of 145,169 shares. AMC Networks has a 52-week low of $53.99 and a 52-week high of $78.39. The stock’s 50-day moving average is $61.30 and its 200-day moving average is $65.42. The company has a market cap of $4.529 billion and a price-to-earnings ratio of 20.14.
AMC Networks (NASDAQ:AMCX) last released its earnings data on Thursday, August 7th. The company reported $0.83 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.87 earnings per share. The company’s quarterly revenue was up 37.6% on a year-over-year basis. Analysts expect that AMC Networks will post $3.79 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about 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, August 8th. 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. Nine analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. AMC Networks currently has an average rating of “Buy” and an average target price of $76.45.
AMC Networks Inc (NASDAQ:AMCX) is a holding company and conducts substantially all of its operations through its subsidiaries.
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