AMC Entertainment (NYSE:AMC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday. The firm currently has a $16.00 price objective on the stock. Zacks Investment Research‘s price target suggests a potential upside of 10.73% from the company’s previous close.

According to Zacks, “AMC Entertainment Holdings, Inc., operates as a theatrical exhibition company primarily in the United States and internationally. It owned or interests in theatres and screens. AMC Entertainment Holdings, Inc. is based in Leawood, Kansas. “

AMC has been the topic of several other reports. Wedbush set a $19.00 target price on shares of AMC Entertainment and gave the stock a “buy” rating in a research report on Monday, January 8th. B. Riley set a $31.00 target price on shares of AMC Entertainment and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Royal Bank of Canada downgraded shares of AMC Entertainment from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 10th. Credit Suisse Group dropped their target price on shares of AMC Entertainment from $14.00 to $12.00 and set an “underperform” rating on the stock in a research report on Thursday, September 28th. Finally, MKM Partners reissued a “buy” rating and issued a $28.00 target price on shares of AMC Entertainment in a research report on Monday, September 18th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. AMC Entertainment presently has an average rating of “Hold” and a consensus price target of $24.23.

AMC Entertainment (NYSE:AMC) traded up $0.35 during midday trading on Tuesday, hitting $14.45. 4,657,300 shares of the company were exchanged, compared to its average volume of 2,431,000. The company has a market cap of $1,820.00, a P/E ratio of -11.03 and a beta of 1.37. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.53 and a quick ratio of 0.53. AMC Entertainment has a twelve month low of $10.80 and a twelve month high of $34.90.

AMC Entertainment (NYSE:AMC) last released its earnings results on Monday, November 6th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.29) by ($0.04). The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.16 billion. AMC Entertainment had a negative return on equity of 6.20% and a negative net margin of 3.87%. The business’s revenue was up 51.2% on a year-over-year basis. During the same period last year, the business earned $0.31 earnings per share. analysts forecast that AMC Entertainment will post -1.3 EPS for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Independent Advisor Alliance bought a new stake in AMC Entertainment in the third quarter worth approximately $291,000. Aperio Group LLC bought a new stake in AMC Entertainment in the third quarter worth approximately $440,000. B. Riley Financial Inc. grew its position in AMC Entertainment by 56.3% in the second quarter. B. Riley Financial Inc. now owns 25,985 shares of the company’s stock worth $591,000 after acquiring an additional 9,364 shares in the last quarter. Bank of Nova Scotia bought a new stake in AMC Entertainment in the second quarter worth approximately $1,138,000. Finally, Corbyn Investment Management Inc. MD grew its position in AMC Entertainment by 2.4% in the third quarter. Corbyn Investment Management Inc. MD now owns 578,509 shares of the company’s stock worth $8,504,000 after acquiring an additional 13,755 shares in the last quarter. 48.60% of the stock is currently owned by hedge funds and other institutional investors.

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About AMC Entertainment

AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.

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