BidaskClub Lowers Amc Networks (AMCX) to Hold

BidaskClub downgraded shares of Amc Networks (NASDAQ:AMCX) from a buy rating to a hold rating in a report released on Tuesday morning.

A number of other research analysts have also weighed in on the stock. 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 report on Thursday, October 4th. ValuEngine raised shares of Amc Networks from a sell rating to a hold rating in a research report on Thursday, September 27th. Zacks Investment Research lowered shares of Amc Networks from a buy rating to a hold rating in a research report on Monday, August 6th. Deutsche Bank raised their price target on shares of Amc Networks from $55.00 to $60.00 and gave the company a hold rating in a research report on Monday, November 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of Amc Networks from $62.00 to $65.00 and gave the company a neutral rating in a research report on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $62.20.

Shares of NASDAQ AMCX opened at $58.18 on Tuesday. The stock has a market cap of $3.23 billion, a PE ratio of 7.89, a price-to-earnings-growth ratio of 0.82 and a beta of 0.84. Amc Networks has a 1 year low of $48.00 and a 1 year high of $69.02. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 10.69.

Amc Networks (NASDAQ:AMCX) last issued its quarterly earnings data on Thursday, November 1st. The company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.78 by $0.37. The firm had revenue of $696.87 million during the quarter, compared to analysts’ expectations of $693.20 million. Amc Networks had a net margin of 17.76% and a return on equity of 221.77%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the company earned $1.68 earnings per share. As a group, research analysts anticipate that Amc Networks will post 8.34 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in AMCX. LSV Asset Management raised its position in Amc Networks by 31.0% in the third quarter. LSV Asset Management now owns 2,670,585 shares of the company’s stock worth $177,166,000 after acquiring an additional 631,430 shares during the period. Ardevora Asset Management LLP bought a new stake in Amc Networks in the third quarter worth about $14,770,000. Matarin Capital Management LLC bought a new stake in Amc Networks in the third quarter worth about $13,052,000. Millennium Management LLC raised its position in Amc Networks by 326.5% in the second quarter. Millennium Management LLC now owns 223,369 shares of the company’s stock worth $13,894,000 after acquiring an additional 170,997 shares during the period. Finally, WINTON GROUP Ltd bought a new stake in Amc Networks in the second quarter worth about $8,754,000. 85.97% of the stock is currently owned by institutional investors.

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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