Other analysts have also recently issued reports about the stock. Wells Fargo & Company decreased their price objective on shares of AMC Networks from $32.00 to $27.00 and set a market underperform rating on the stock in a research note on Monday, August 8th. Cowen decreased their price target on AMC Networks to $36.00 in a research report on Monday. StockNews.com downgraded AMC Networks from a buy rating to a hold rating in a research report on Friday, July 1st. Morgan Stanley decreased their target price on AMC Networks from $35.00 to $33.00 in a report on Monday, August 8th. Finally, Guggenheim lowered their target price on AMC Networks from $44.00 to $35.00 in a research note on Friday, May 6th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $33.38.
AMC Networks Price Performance
AMC Networks stock opened at $28.70 on Monday. The business has a 50 day simple moving average of $30.20 and a 200 day simple moving average of $35.77. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market capitalization of $1.22 billion, a PE ratio of 3.97 and a beta of 1.03. AMC Networks has a one year low of $27.36 and a one year high of $51.51.
Hedge Funds Weigh In On AMC Networks
Large investors have recently made changes to their positions in the company. Banque Cantonale Vaudoise increased its position in AMC Networks by 78.7% in the second quarter. Banque Cantonale Vaudoise now owns 1,826 shares of the company’s stock worth $53,000 after purchasing an additional 804 shares during the period. Strs Ohio acquired a new stake in shares of AMC Networks during the 1st quarter worth approximately $65,000. Investors Research Corp lifted its holdings in AMC Networks by 32.0% in the first quarter. Investors Research Corp now owns 1,650 shares of the company’s stock valued at $67,000 after buying an additional 400 shares during the period. KBC Group NV acquired a new stake in AMC Networks during the 2nd quarter worth $75,000. Finally, Captrust Financial Advisors raised its position in shares of AMC Networks by 78.4% during the 1st quarter. Captrust Financial Advisors now owns 1,984 shares of the company’s stock valued at $81,000 after acquiring an additional 872 shares during the last quarter. Institutional investors and hedge funds own 78.02% of the company’s stock.
AMC Networks Company Profile
AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, Domestic Operations, and International and Other.
- Get a free copy of the StockNews.com research report on AMC Networks (AMCX)
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