AMC Entertainment Holdings Given Average Rating of “Buy” by Brokerages (NYSE:AMC)
AMC Entertainment Holdings (NYSE:AMC) has earned an average rating of “Buy” from the thirteen ratings firms that are covering the company, Analyst Ratings Net reports. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $26.64.
A number of analysts have recently weighed in on AMC shares. Analysts at Zacks upgraded shares of AMC Entertainment Holdings from an “underperform” rating to a “neutral” rating in a research note on Wednesday, August 13th. They now have a $23.80 price target on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of AMC Entertainment Holdings in a research note on Thursday, July 31st. They now have a $25.00 price target on the stock. Finally, analysts at Wedbush reiterated an “outperform” rating on shares of AMC Entertainment Holdings in a research note on Thursday, July 31st. They now have a $26.50 price target on the stock, down previously from $28.00.
Shares of AMC Entertainment Holdings (NYSE:AMC) opened at 23.41 on Friday. AMC Entertainment Holdings has a 1-year low of $18.81 and a 1-year high of $26.68. The stock has a 50-day moving average of $23.09 and a 200-day moving average of $23.21. The company has a market cap of $2.276 billion and a price-to-earnings ratio of 6.08.
AMC Entertainment Holdings (NYSE:AMC) last announced its earnings results on Wednesday, July 30th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.01. The company had revenue of $726.60 million for the quarter, compared to the consensus estimate of $744.00 million. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. Analysts expect that AMC Entertainment Holdings will post $0.70 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, September 5th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Wednesday, September 3rd.
AMC Entertainment Holdings, Inc is a theatrical exhibition company. As of September 30, 2013, the Company owned, operated or held interests in 343 theatres with a total of 4,950 screens primarily in North America.
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