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.
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.
COPYRIGHT VIOLATION NOTICE: “AMC Networks Inc (AMCX) Given Consensus Rating of “Hold” by Analysts” was originally posted by American Banking News and is the property of of American Banking News. If you are reading this article on another website, it was stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2018/01/20/amc-networks-inc-amcx-given-consensus-rating-of-hold-by-analysts.html.
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.
Receive News & Ratings for AMC Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Networks and related companies with MarketBeat.com's FREE daily email newsletter.