AMC Networks (NASDAQ:AMCX) PT Lowered to $32.00 at The Goldman Sachs Group

AMC Networks (NASDAQ:AMCXGet Rating) had its target price decreased by The Goldman Sachs Group to $32.00 in a report published on Monday morning, Stock Target Advisor reports.

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. 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.

AMC Networks (NASDAQ:AMCXGet Rating) last issued its quarterly earnings data on Friday, August 5th. The company reported $2.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.98 by $0.08. AMC Networks had a return on equity of 36.11% and a net margin of 10.29%. The company had revenue of $738.00 million during the quarter, compared to analysts’ expectations of $777.93 million. During the same period last year, the business earned $3.45 earnings per share. The business’s revenue was down 4.3% on a year-over-year basis. On average, sell-side analysts forecast that AMC Networks will post 8.07 EPS for the current fiscal year.

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

(Get Rating)

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.

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