TheStreet Lowers AMC Networks (AMCX) to C+

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

Several other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded AMC Networks from a “hold” rating to a “sell” rating in a research note on Friday. BidaskClub downgraded AMC Networks from a “sell” rating to a “strong sell” rating in a research note on Thursday, January 4th. Macquarie downgraded AMC Networks from an “outperform” rating to a “neutral” rating and set a $60.00 price objective for the company. in a research note on Tuesday, January 2nd. ValuEngine raised AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. Finally, Jefferies Group dropped their price objective on AMC Networks from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. AMC Networks currently has a consensus rating of “Hold” and a consensus price target of $61.42.

AMC Networks (NASDAQ:AMCX) traded up $1.23 during midday trading on Thursday, reaching $53.97. The company had a trading volume of 671,000 shares, compared to its average volume of 776,631. AMC Networks has a 12-month low of $46.89 and a 12-month high of $67.61. The stock has a market cap of $3,310.00, a P/E ratio of 10.64, a P/E/G ratio of 1.02 and a beta of 1.10. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 37.53.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data 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. AMC Networks had a return on equity of 948.45% and a net margin of 12.12%. The firm had revenue of $648.00 million during the quarter, compared to the consensus estimate of $660.79 million. During the same period last year, the business posted $1.11 EPS. AMC Networks’s quarterly revenue was up 2.1% on a year-over-year basis. equities research analysts anticipate that AMC Networks will post 7 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN grew its position in shares of AMC Networks by 0.8% in the second quarter. Wells Fargo & Company MN now owns 332,475 shares of the company’s stock valued at $17,758,000 after purchasing an additional 2,735 shares during the period. Riverhead Capital Management LLC grew its position in shares of AMC Networks by 69.9% in the second quarter. Riverhead Capital Management LLC now owns 3,228 shares of the company’s stock valued at $172,000 after purchasing an additional 1,328 shares during the period. Teachers Advisors LLC grew its position in shares of AMC Networks by 70.3% in the second quarter. Teachers Advisors LLC now owns 183,586 shares of the company’s stock valued at $9,805,000 after purchasing an additional 75,799 shares during the period. Ameriprise Financial Inc. grew its position in shares of AMC Networks by 34.1% in the second quarter. Ameriprise Financial Inc. now owns 510,465 shares of the company’s stock valued at $27,264,000 after purchasing an additional 129,781 shares during the period. Finally, Nationwide Fund Advisors grew its position in shares of AMC Networks by 0.4% in the second quarter. Nationwide Fund Advisors now owns 205,788 shares of the company’s stock valued at $10,991,000 after purchasing an additional 782 shares during the period. 86.72% of the stock is owned by institutional investors.

WARNING: “TheStreet Lowers AMC Networks (AMCX) to C+” was originally reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another site, it was copied illegally and republished in violation of US & international copyright & trademark law. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/22/thestreet-lowers-amc-networks-amcx-to-c.html.

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)

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.

Leave a Reply