Amc Networks (AMCX) Upgraded to “Buy” by BidaskClub

Amc Networks (NASDAQ:AMCX) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday.

Several other equities analysts have also commented on the stock. Zacks Investment Research upgraded shares of Amc Networks from a “sell” rating to a “hold” rating in a research note on Tuesday, November 6th. Deutsche Bank increased their price target on shares of Amc Networks from $55.00 to $60.00 and gave the company a “hold” rating in a research note on Monday, November 5th. JPMorgan Chase & Co. increased their price target on shares of Amc Networks from $62.00 to $65.00 and gave the company a “neutral” rating in a research note on Friday, November 2nd. ValuEngine upgraded shares of Amc Networks from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Finally, Goldman Sachs Group lowered shares of Amc Networks from a “neutral” rating to a “sell” rating and set a $61.00 price target on the stock. in a research note on Thursday, October 4th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. Amc Networks has a consensus rating of “Hold” and a consensus price target of $62.20.

Shares of Amc Networks stock opened at $58.89 on Friday. The company has a market capitalization of $3.33 billion, a price-to-earnings ratio of 7.00, a P/E/G ratio of 0.78 and a beta of 0.79. Amc Networks has a 52 week low of $48.00 and a 52 week high of $69.02. The company has a debt-to-equity ratio of 10.69, a quick ratio of 2.51 and a current ratio of 2.51.

Amc Networks (NASDAQ:AMCX) last announced its quarterly earnings results on Thursday, November 1st. The company reported $2.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.37. The company had revenue of $696.87 million for the quarter, compared to analyst estimates of $693.20 million. Amc Networks had a net margin of 17.76% and a return on equity of 221.77%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.68 earnings per share. Analysts anticipate that Amc Networks will post 8.27 EPS for the current fiscal year.

Several hedge funds have recently bought and sold shares of AMCX. Ancora Advisors LLC acquired a new stake in shares of Amc Networks in the third quarter valued at approximately $109,000. First Hawaiian Bank acquired a new stake in shares of Amc Networks in the third quarter valued at approximately $123,000. Advisors Preferred LLC boosted its holdings in shares of Amc Networks by 265.9% in the second quarter. Advisors Preferred LLC now owns 2,009 shares of the company’s stock valued at $125,000 after acquiring an additional 1,460 shares during the period. Bank of Hawaii acquired a new stake in shares of Amc Networks in the third quarter valued at approximately $206,000. Finally, IFG Advisory LLC acquired a new stake in shares of Amc Networks in the third quarter valued at approximately $209,000. 85.46% of the stock is owned by institutional investors and hedge funds.

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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