AMC Networks Inc (NASDAQ:AMCX) – Investment analysts at Jefferies Group lowered their FY2017 EPS estimates for shares of AMC Networks in a research note issued on Wednesday, Zacks Investment Research reports. Jefferies Group analyst J. Janedis now expects that the company will earn $7.08 per share for the year, down from their previous forecast of $7.20. Jefferies Group currently has a “Hold” rating and a $55.00 target price on the stock. Jefferies Group also issued estimates for AMC Networks’ Q1 2018 earnings at $2.10 EPS, Q2 2018 earnings at $1.82 EPS, Q3 2018 earnings at $1.58 EPS, Q4 2018 earnings at $1.40 EPS and FY2018 earnings at $6.90 EPS.
Several other equities analysts have also weighed in on the stock. Cowen restated a “hold” rating and set a $63.00 price objective on shares of AMC Networks in a research report on Monday, February 5th. ValuEngine lowered shares of AMC Networks from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Morgan Stanley raised their price objective on shares of AMC Networks from $55.00 to $57.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 31st. BidaskClub upgraded shares of AMC Networks from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 23rd. Finally, TheStreet lowered shares of AMC Networks from a “b-” rating to a “c+” rating in a research report on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $62.42.
Shares of AMC Networks (NASDAQ:AMCX) traded up $0.36 on Friday, reaching $50.94. 1,104,249 shares of the company were exchanged, compared to its average volume of 736,859. The company has a market cap of $3,151.30, a price-to-earnings ratio of 10.05, a PEG ratio of 0.93 and a beta of 0.91. 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 12-month low of $46.89 and a 12-month high of $67.61.
A number of hedge funds have recently bought and sold shares of the business. Investec Asset Management LTD lifted its stake in AMC Networks by 45.0% during the third quarter. Investec Asset Management LTD now owns 1,799,372 shares of the company’s stock valued at $105,209,000 after buying an additional 558,579 shares in the last quarter. LSV Asset Management lifted its stake in AMC Networks by 24.9% during the fourth quarter. LSV Asset Management now owns 1,602,183 shares of the company’s stock valued at $86,646,000 after buying an additional 319,011 shares in the last quarter. Schroder Investment Management Group lifted its stake in AMC Networks by 322.6% during the fourth quarter. Schroder Investment Management Group now owns 1,214,590 shares of the company’s stock valued at $65,685,000 after buying an additional 927,200 shares in the last quarter. FMR LLC lifted its stake in AMC Networks by 9.9% during the second quarter. FMR LLC now owns 1,172,084 shares of the company’s stock valued at $62,601,000 after buying an additional 105,290 shares in the last quarter. Finally, Boston Partners lifted its stake in AMC Networks by 110.6% during the fourth quarter. Boston Partners now owns 819,011 shares of the company’s stock valued at $44,292,000 after buying an additional 430,169 shares in the last quarter. 86.47% of the stock is owned by institutional investors.
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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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