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.
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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.
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