Amc Networks (AMCX) Downgraded to “Sell” at ValuEngine

ValuEngine cut shares of Amc Networks (NASDAQ:AMCX) from a hold rating to a sell rating in a report published on Thursday.

Other equities analysts also recently issued reports about the company. BidaskClub upgraded Amc Networks from a sell rating to a hold rating in a report on Tuesday, June 12th. Sanford C. Bernstein downgraded Amc Networks from a market perform rating to an underperform rating in a report on Thursday, June 21st. Guggenheim restated a hold rating and issued a $58.00 price objective on shares of Amc Networks in a report on Friday, July 13th. Imperial Capital assumed coverage on Amc Networks in a report on Thursday, July 19th. They issued an in-line rating and a $65.00 price objective on the stock. Finally, Zacks Investment Research downgraded Amc Networks from a buy rating to a hold rating in a report on Monday, August 6th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $60.88.

Shares of NASDAQ:AMCX opened at $63.55 on Thursday. The company has a current ratio of 2.46, a quick ratio of 2.46 and a debt-to-equity ratio of 16.00. Amc Networks has a 12-month low of $46.89 and a 12-month high of $69.02. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 8.62, a price-to-earnings-growth ratio of 0.83 and a beta of 0.69.

Amc Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $1.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.09 by ($0.16). Amc Networks had a return on equity of 278.30% and a net margin of 17.22%. The business had revenue of $761.39 million during the quarter, compared to analyst estimates of $731.99 million. During the same period in the previous year, the business posted $1.88 earnings per share. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. Sell-side analysts expect that Amc Networks will post 8.31 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Joel Isaacson & Co. LLC raised its holdings in shares of Amc Networks by 15.0% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 8,050 shares of the company’s stock valued at $501,000 after buying an additional 1,050 shares during the period. Chicago Equity Partners LLC raised its holdings in shares of Amc Networks by 1.7% during the 2nd quarter. Chicago Equity Partners LLC now owns 63,370 shares of the company’s stock valued at $3,942,000 after buying an additional 1,085 shares during the period. Verity Asset Management Inc. raised its holdings in shares of Amc Networks by 32.3% during the 2nd quarter. Verity Asset Management Inc. now owns 5,879 shares of the company’s stock valued at $366,000 after buying an additional 1,435 shares during the period. State of Alaska Department of Revenue raised its holdings in shares of Amc Networks by 32.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,970 shares of the company’s stock valued at $371,000 after buying an additional 1,460 shares during the period. Finally, Advisors Preferred LLC raised its holdings in shares of Amc Networks by 265.9% during the 2nd quarter. Advisors Preferred LLC now owns 2,009 shares of the company’s stock valued at $125,000 after buying an additional 1,460 shares during the period. Institutional investors own 84.52% of the company’s stock.

Amc Networks Company Profile

AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

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Analyst Recommendations for Amc Networks (NASDAQ:AMCX)

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