AMC Networks (NASDAQ:AMCX) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Monday.

A number of other equities analysts have also weighed in on the stock. TheStreet lowered shares of AMC Networks from a “b-” rating to a “c” rating in a research report on Tuesday, November 14th. Jefferies Group reissued a “hold” rating and issued a $65.00 price objective on shares of AMC Networks in a research report on Tuesday, September 12th. Loop Capital lowered their target price on shares of AMC Networks from $60.00 to $55.00 and set a “hold” rating for the company in a report on Friday, November 3rd. Morgan Stanley lowered their target price on shares of AMC Networks from $60.00 to $55.00 and set an “equal weight” rating for the company in a report on Tuesday, October 31st. Finally, Wells Fargo & Company began coverage on shares of AMC Networks in a research note on Tuesday, October 10th. They set an “outperform” rating and a $72.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $60.58.

AMC Networks (AMCX) traded up $3.29 during midday trading on Monday, hitting $56.15. 1,607,656 shares of the company were exchanged, compared to its average volume of 753,940. The stock has a market cap of $3,270.08, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 0.99 and a beta of 1.10. The company has a debt-to-equity ratio of 37.53, a current ratio of 2.57 and a quick ratio of 2.57. AMC Networks has a 1 year low of $46.89 and a 1 year high of $67.61.

AMC Networks (NASDAQ:AMCX) last issued its earnings results on Thursday, November 2nd. The company reported $1.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.53. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. The business had revenue of $648.00 million for the quarter, compared to the consensus estimate of $660.79 million. During the same quarter in the previous year, the firm earned $1.11 earnings per share. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. equities analysts expect that AMC Networks will post 7.01 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. World Asset Management Inc grew its stake in shares of AMC Networks by 0.3% in the second quarter. World Asset Management Inc now owns 3,972 shares of the company’s stock worth $212,000 after acquiring an additional 12 shares during the last quarter. PNC Financial Services Group Inc. increased its position in AMC Networks by 2.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock worth $175,000 after purchasing an additional 88 shares during the period. Wrapmanager Inc. increased its position in AMC Networks by 3.2% in the second quarter. Wrapmanager Inc. now owns 4,102 shares of the company’s stock worth $219,000 after purchasing an additional 128 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in AMC Networks by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock worth $116,000 after purchasing an additional 181 shares during the period. Finally, RNC Capital Management LLC increased its position in AMC Networks by 4.5% in the second quarter. RNC Capital Management LLC now owns 4,662 shares of the company’s stock worth $249,000 after purchasing an additional 200 shares during the period. 86.95% of the stock is owned by institutional investors and hedge funds.

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About AMC Networks

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for AMC Networks (NASDAQ:AMCX)

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