AMC Networks (NASDAQ:AMCX) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Thursday, March 15th.
Other equities analysts also recently issued reports about the stock. TheStreet upgraded shares of AMC Networks from a “c” rating to a “b-” rating in a research note on Thursday, December 21st. Royal Bank of Canada began coverage on shares of AMC Networks in a research note on Wednesday, March 14th. They set a “sector perform” rating and a $57.00 price objective on the stock. ValuEngine upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, December 4th. Cowen reiterated a “hold” rating and set a $63.00 price objective on shares of AMC Networks in a research note on Monday, February 5th. Finally, Macquarie downgraded shares of AMC Networks from an “outperform” rating to a “neutral” rating and set a $60.00 price objective on the stock. in a research note on Tuesday, January 2nd. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $59.55.
AMCX stock opened at $50.04 on Thursday. The company has a debt-to-equity ratio of 19.07, a current ratio of 2.53 and a quick ratio of 2.53. AMC Networks has a one year low of $46.89 and a one year high of $67.44. The company has a market cap of $2,999.72, a PE ratio of 6.73, a P/E/G ratio of 0.83 and a beta of 0.84.
AMC Networks (NASDAQ:AMCX) last released its quarterly earnings results on Thursday, March 1st. The company reported $1.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.19. AMC Networks had a net margin of 16.80% and a return on equity of 531.46%. The business had revenue of $726.93 million for the quarter, compared to the consensus estimate of $730.82 million. During the same period in the prior year, the company posted $1.30 earnings per share. AMC Networks’s revenue was down .4% compared to the same quarter last year. research analysts anticipate that AMC Networks will post 8.13 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of AMC Networks by 46.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the company’s stock worth $172,000 after acquiring an additional 1,008 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its holdings in shares of AMC Networks by 71.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,686 shares of the company’s stock worth $200,000 after acquiring an additional 1,537 shares during the last quarter. Brown Advisory Inc. bought a new position in shares of AMC Networks in the third quarter worth about $203,000. Parametrica Management Ltd bought a new position in shares of AMC Networks in the fourth quarter worth about $212,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in AMC Networks in the 3rd quarter valued at approximately $218,000. 90.39% of the stock is owned by hedge funds and other institutional investors.
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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.
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