AMC Networks Inc (AMCX) Given Consensus Rating of “Hold” by Analysts

Shares of AMC Networks Inc (NASDAQ:AMCX) have been given an average recommendation of “Hold” by the seventeen analysts that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $60.60.

A number of equities research analysts have weighed in on the stock. TheStreet cut shares of AMC Networks from a “b-” rating to a “c” rating in a report on Tuesday, November 14th. Zacks Investment Research upgraded shares of AMC Networks from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Tuesday, January 2nd. Loop Capital cut their price objective on shares of AMC Networks from $60.00 to $55.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Morgan Stanley cut their price objective on shares of AMC Networks from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 31st. Finally, ValuEngine upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, December 4th.

Shares of AMC Networks (NASDAQ AMCX) traded up $1.23 during midday trading on Friday, hitting $53.97. 671,028 shares of the company traded hands, compared to its average volume of 596,264. AMC Networks has a one year low of $46.89 and a one year high of $67.61. The company has a debt-to-equity ratio of 37.53, a current ratio of 2.57 and a quick ratio of 2.57. The stock has a market capitalization of $3,262.66, a PE ratio of 10.64, a P/E/G ratio of 1.00 and a beta of 1.10.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.53. The business had revenue of $648.00 million for the quarter, compared to analysts’ expectations of $660.79 million. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.11 earnings per share. equities analysts anticipate that AMC Networks will post 7 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cascade Investment Advisors Inc. bought a new position in shares of AMC Networks in the fourth quarter worth approximately $1,269,000. Schwab Charles Investment Management Inc. lifted its stake in shares of AMC Networks by 18.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 371,296 shares of the company’s stock worth $20,080,000 after buying an additional 59,148 shares in the last quarter. AXA lifted its stake in shares of AMC Networks by 468.7% in the third quarter. AXA now owns 245,100 shares of the company’s stock worth $14,331,000 after buying an additional 202,000 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in shares of AMC Networks by 24.2% in the third quarter. Public Employees Retirement System of Ohio now owns 54,061 shares of the company’s stock worth $3,161,000 after buying an additional 10,539 shares in the last quarter. Finally, Dean Investment Associates LLC lifted its stake in shares of AMC Networks by 4.3% in the third quarter. Dean Investment Associates LLC now owns 109,710 shares of the company’s stock worth $6,415,000 after buying an additional 4,515 shares in the last quarter. Hedge funds and other institutional investors own 86.88% of the company’s stock.

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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.

Analyst Recommendations for AMC Networks (NASDAQ:AMCX)

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