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.
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.
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