AMC Networks Inc. (NASDAQ:AMCX) Given Average Rating of “Hold” by Brokerages

AMC Networks Inc. (NASDAQ:AMCX) has received a consensus recommendation of “Hold” from the eleven analysts that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $49.11.

Several research firms recently weighed in on AMCX. TheStreet lowered shares of AMC Networks from a “b-” rating to a “c+” rating in a research note on Thursday, August 19th. Deutsche Bank Aktiengesellschaft cut shares of AMC Networks from a “hold” rating to a “sell” rating and lifted their price objective for the stock from $32.00 to $48.00 in a research report on Thursday, July 22nd. Finally, Zacks Investment Research raised shares of AMC Networks from a “sell” rating to a “hold” rating in a research report on Tuesday, August 10th.

Shares of AMCX stock traded down $0.42 during mid-day trading on Tuesday, reaching $46.56. The company’s stock had a trading volume of 587,893 shares, compared to its average volume of 734,641. AMC Networks has a 1-year low of $20.16 and a 1-year high of $83.63. The company has a market cap of $1.93 billion, a P/E ratio of 7.62 and a beta of 1.26. The company has a debt-to-equity ratio of 3.60, a quick ratio of 2.08 and a current ratio of 2.08. The firm’s 50-day moving average is $51.16 and its two-hundred day moving average is $55.97.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Thursday, August 5th. The company reported $3.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.18 by $1.27. The business had revenue of $771.39 million during the quarter, compared to analysts’ expectations of $698.12 million. AMC Networks had a net margin of 9.64% and a return on equity of 64.53%. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same quarter last year, the company posted $2.39 EPS. Sell-side analysts anticipate that AMC Networks will post 8.34 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Banque Cantonale Vaudoise purchased a new stake in shares of AMC Networks in the second quarter worth approximately $44,000. Captrust Financial Advisors boosted its position in shares of AMC Networks by 306.8% in the 1st quarter. Captrust Financial Advisors now owns 903 shares of the company’s stock worth $48,000 after purchasing an additional 681 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of AMC Networks by 232.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 1,789 shares of the company’s stock worth $95,000 after purchasing an additional 1,251 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in AMC Networks during the 2nd quarter worth about $97,000. Finally, IFP Advisors Inc lifted its position in AMC Networks by 248.1% during the 1st quarter. IFP Advisors Inc now owns 2,207 shares of the company’s stock worth $116,000 after acquiring an additional 1,573 shares during the period. 75.66% of the stock is owned by institutional investors.

AMC Networks Company Profile

AMC Networks, Inc is a holding company, which engages in owning and management of cable television networks through its subsidiaries. It operates through the National Networks and International and Other segments. The National Networks segment includes activities of AMC Studios operations, AMC Broadcasting and Technology, and national programming networks, namely: AMC, WEtv, BBC AMERICA, IFC, and SundanceTV in the U.

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Analyst Recommendations for AMC Networks (NASDAQ:AMCX)

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