AMC Networks (AMCX) Upgraded to B- by TheStreet

AMC Networks (NASDAQ:AMCX) was upgraded by research analysts at TheStreet from a “c” rating to a “b-” rating in a research note issued to investors on Thursday, December 21st.

Several other equities analysts have also commented on AMCX. BidaskClub upgraded shares of AMC Networks from a “strong sell” rating to a “sell” rating in a research report on Tuesday, December 19th. ValuEngine upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Jefferies Group reiterated a “hold” rating and issued a $65.00 target price on shares of AMC Networks in a research report on Tuesday, September 12th. Piper Jaffray Companies set a $60.00 target price on shares of AMC Networks and gave the company a “hold” rating in a research report on Wednesday, November 1st. Finally, Loop Capital cut their price target 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. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $61.73.

AMC Networks (AMCX) traded down $0.53 during mid-day trading on Thursday, reaching $54.08. 508,560 shares of the company’s stock traded hands, compared to its average volume of 757,686. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 37.53. AMC Networks has a 12-month low of $46.89 and a 12-month high of $67.61. The company has a market capitalization of $3,409.89, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 1.03 and a beta of 1.10.

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

Large investors have recently added to or reduced their stakes in the stock. Clearbridge Investments LLC boosted its position in shares of AMC Networks by 1.1% in the first quarter. Clearbridge Investments LLC now owns 8,589,302 shares of the company’s stock valued at $504,020,000 after acquiring an additional 94,999 shares during the period. BlackRock Inc. lifted its position in AMC Networks by 3,894.6% in the first quarter. BlackRock Inc. now owns 5,048,490 shares of the company’s stock worth $296,245,000 after purchasing an additional 4,922,108 shares during the period. Vanguard Group Inc. lifted its holdings in shares of AMC Networks by 2.3% during the first quarter. Vanguard Group Inc. now owns 4,553,340 shares of the company’s stock valued at $267,189,000 after acquiring an additional 102,284 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of AMC Networks by 0.3% during the second quarter. Alliancebernstein L.P. now owns 3,903,122 shares of the company’s stock valued at $235,827,000 after acquiring an additional 12,565 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of AMC Networks by 34.8% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,434,335 shares of the company’s stock valued at $127,413,000 after acquiring an additional 628,796 shares during the period. Hedge funds and other institutional investors own 86.83% of the company’s stock.

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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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