AMC Networks Inc. (NASDAQ:AMCX) has earned an average recommendation of “Hold” from the twenty analysts that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $65.22.

Several brokerages have recently issued reports on AMCX. Moffett Nathanson reaffirmed a “sell” rating on shares of AMC Networks in a report on Friday, June 9th. Jefferies Group LLC restated a “hold” rating and set a $65.00 price target on shares of AMC Networks in a report on Tuesday, September 12th. Zacks Investment Research lowered AMC Networks from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Sanford C. Bernstein restated a “market perform” rating on shares of AMC Networks in a report on Tuesday, September 12th. Finally, BidaskClub upgraded AMC Networks from a “buy” rating to a “strong-buy” rating in a report on Monday, July 31st.

Hedge funds have recently added to or reduced their stakes in the business. Prudential Financial Inc. increased its stake in AMC Networks by 138.5% in the second quarter. Prudential Financial Inc. now owns 337,589 shares of the company’s stock worth $18,031,000 after purchasing an additional 196,030 shares during the period. Stephens Inc. AR purchased a new stake in AMC Networks in the first quarter worth $471,000. Oppenheimer & Co. Inc. increased its stake in AMC Networks by 31.9% in the first quarter. Oppenheimer & Co. Inc. now owns 9,500 shares of the company’s stock worth $557,000 after purchasing an additional 2,300 shares during the period. Morgan Stanley increased its stake in AMC Networks by 73.9% in the first quarter. Morgan Stanley now owns 509,073 shares of the company’s stock worth $29,873,000 after purchasing an additional 216,261 shares during the period. Finally, UBS Oconnor LLC purchased a new stake in AMC Networks in the first quarter worth $4,923,000. Institutional investors and hedge funds own 84.99% of the company’s stock.

AMC Networks (NASDAQ:AMCX) traded up 3.81% on Friday, hitting $59.42. 1,220,473 shares of the company’s stock traded hands. The stock has a market cap of $3.78 billion, a P/E ratio of 12.98 and a beta of 1.09. The stock has a 50 day moving average price of $60.46 and a 200-day moving average price of $57.80. AMC Networks has a 12 month low of $46.17 and a 12 month high of $67.61.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings data on Thursday, August 3rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.41 by $0.47. The business had revenue of $710.55 million for the quarter, compared to analysts’ expectations of $715.23 million. AMC Networks had a return on equity of 683.16% and a net margin of 11.40%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.15 EPS. Equities analysts predict that AMC Networks will post $6.67 earnings per share for the current fiscal year.

AMC Networks announced that its board has authorized a share repurchase program on Wednesday, June 7th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 13.9% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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AMC Networks Company Profile

AMC Networks Inc is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.

Analyst Recommendations for AMC Networks (NASDAQ:AMCX)

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