AMC Networks Inc. (AMCX) Receives New Coverage from Analysts at Wells Fargo & Company

Wells Fargo & Company started coverage on shares of AMC Networks Inc. (NASDAQ:AMCX) in a research note published on Tuesday. The brokerage issued an outperform rating and a $72.00 price target on the stock.

A number of other brokerages also recently commented on AMCX. BidaskClub upgraded shares of AMC Networks from a buy rating to a strong-buy rating in a research report on Monday, July 31st. TheStreet upgraded shares of AMC Networks from a c rating to a b- rating in a report on Friday, July 28th. Jefferies Group LLC reiterated a hold rating and issued a $65.00 price target (up previously from $60.00) on shares of AMC Networks in a report on Friday, August 4th. Cowen and Company reiterated a hold rating and issued a $53.00 price target on shares of AMC Networks in a report on Thursday, September 21st. Finally, Zacks Investment Research downgraded shares of AMC Networks from a buy rating to a hold rating in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $59.00.

AMC Networks (NASDAQ:AMCX) opened at 57.85 on Tuesday. The stock has a market cap of $3.68 billion, a PE ratio of 12.64 and a beta of 1.06. The firm has a 50-day moving average of $58.83 and a 200-day moving average of $57.79. AMC Networks has a 12-month low of $46.17 and a 12-month high of $67.61.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.88 EPS for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.47. The company had revenue of $710.55 million during the quarter, compared to the consensus estimate of $715.23 million. AMC Networks had a net margin of 11.40% and a return on equity of 683.16%. AMC Networks’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.15 EPS. Equities analysts predict that AMC Networks will post $6.65 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “AMC Networks Inc. (AMCX) Receives New Coverage from Analysts at Wells Fargo & Company” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/11/amc-networks-inc-amcx-receives-new-coverage-from-analysts-at-wells-fargo-company.html.

A number of hedge funds have recently made changes to their positions in the business. World Asset Management Inc lifted its position in AMC Networks by 0.3% during the second quarter. World Asset Management Inc now owns 3,972 shares of the company’s stock valued at $212,000 after buying an additional 12 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of AMC Networks by 2.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock valued at $175,000 after purchasing an additional 88 shares during the period. Wrapmanager Inc. raised its stake in shares of AMC Networks by 3.2% during the second quarter. Wrapmanager Inc. now owns 4,102 shares of the company’s stock valued at $219,000 after purchasing an additional 128 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of AMC Networks by 9.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock valued at $116,000 after purchasing an additional 181 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of AMC Networks by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 14,400 shares of the company’s stock valued at $769,000

A number of other brokerages also recently commented on AMCX. BidaskClub upgraded shares of AMC Networks from a buy rating to a strong-buy rating in a research report on Monday, July 31st. TheStreet upgraded shares of AMC Networks from a c rating to a b- rating in a report on Friday, July 28th. Jefferies Group LLC reiterated a hold rating and issued a $65.00 price target (up previously from $60.00) on shares of AMC Networks in a report on Friday, August 4th. Cowen and Company reiterated a hold rating and issued a $53.00 price target on shares of AMC Networks in a report on Thursday, September 21st. Finally, Zacks Investment Research downgraded shares of AMC Networks from a buy rating to a hold rating in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $59.00.

AMC Networks (NASDAQ:AMCX) opened at 57.85 on Tuesday. The stock has a market cap of $3.68 billion, a PE ratio of 12.64 and a beta of 1.06. The firm has a 50-day moving average of $58.83 and a 200-day moving average of $57.79. AMC Networks has a 12-month low of $46.17 and a 12-month high of $67.61.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Thursday, August 3rd. The company reported $1.88 EPS for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.47. The company had revenue of $710.55 million during the quarter, compared to the consensus estimate of $715.23 million. AMC Networks had a net margin of 11.40% and a return on equity of 683.16%. AMC Networks’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.15 EPS. Equities analysts predict that AMC Networks will post $6.65 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “AMC Networks Inc. (AMCX) Receives New Coverage from Analysts at Wells Fargo & Company” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/11/amc-networks-inc-amcx-receives-new-coverage-from-analysts-at-wells-fargo-company.html.

A number of hedge funds have recently made changes to their positions in the business. World Asset Management Inc lifted its position in AMC Networks by 0.3% during the second quarter. World Asset Management Inc now owns 3,972 shares of the company’s stock valued at $212,000 after buying an additional 12 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of AMC Networks by 2.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock valued at $175,000 after purchasing an additional 88 shares during the period. Wrapmanager Inc. raised its stake in shares of AMC Networks by 3.2% during the second quarter. Wrapmanager Inc. now owns 4,102 shares of the company’s stock valued at $219,000 after purchasing an additional 128 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of AMC Networks by 9.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock valued at $116,000 after purchasing an additional 181 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in shares of AMC Networks by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 14,400 shares of the company’s stock valued at $769,000 after purchasing an additional 200 shares during the period. 84.99% of the stock is currently owned by hedge funds and other institutional investors.

About AMC Networks

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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