AMC Networks Inc (AMCX) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of AMC Networks Inc (NASDAQ:AMCX) have been given an average rating of “Hold” by the seventeen ratings firms that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $61.80.

Several analysts have recently weighed in on AMCX shares. Loop Capital decreased their price target on shares of AMC Networks from $61.00 to $60.00 and set a “hold” rating for the company in a research note on Thursday, October 19th. Morgan Stanley decreased their price target on shares of AMC Networks from $60.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 31st. Piper Jaffray Companies set a $60.00 price target on shares of AMC Networks and gave the company a “hold” rating in a research note on Wednesday, November 1st. Jefferies Group decreased their price target on shares of AMC Networks from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Finally, TheStreet downgraded shares of AMC Networks from a “b-” rating to a “c” rating in a research note on Tuesday, November 14th.

AMC Networks (NASDAQ:AMCX) traded up $0.49 during trading on Wednesday, hitting $51.59. 385,900 shares of the stock traded hands, compared to its average volume of 741,505. 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 has a 1 year low of $46.89 and a 1 year high of $67.61. The company has a market capitalization of $3,161.20, a P/E ratio of 10.18, a PEG ratio of 0.93 and a beta of 0.91.

A number of hedge funds have recently modified their holdings of the stock. AMP Capital Investors Ltd increased its holdings in AMC Networks by 140.7% during the fourth quarter. AMP Capital Investors Ltd now owns 65,156 shares of the company’s stock valued at $3,525,000 after buying an additional 38,089 shares during the period. Amundi Pioneer Asset Management Inc. purchased a new position in AMC Networks during the fourth quarter valued at approximately $244,000. Investec Asset Management LTD increased its holdings in AMC Networks by 0.3% during the fourth quarter. Investec Asset Management LTD now owns 1,804,415 shares of the company’s stock valued at $97,583,000 after buying an additional 5,043 shares during the period. Lazard Asset Management LLC increased its holdings in AMC Networks by 523.8% during the fourth quarter. Lazard Asset Management LLC now owns 91,561 shares of the company’s stock valued at $4,950,000 after buying an additional 76,883 shares during the period. Finally, OppenheimerFunds Inc. increased its holdings in AMC Networks by 14.7% during the fourth quarter. OppenheimerFunds Inc. now owns 14,727 shares of the company’s stock valued at $796,000 after buying an additional 1,883 shares during the period. 86.93% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for AMC Networks (NASDAQ:AMCX)

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