AMC Networks Inc. (NASDAQ:AMCX) Given Consensus Recommendation of “Hold” by Analysts

Shares of AMC Networks Inc. (NASDAQ:AMCX – Get Rating) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $25.25.

A number of brokerages have recently issued reports on AMCX. Morgan Stanley reduced their target price on shares of AMC Networks from $22.00 to $19.00 and set an “equal weight” rating for the company in a research report on Monday, December 19th. The Goldman Sachs Group reduced their target price on shares of AMC Networks from $28.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday, November 8th. Wells Fargo & Company cut their price objective on shares of AMC Networks from $27.00 to $10.00 and set an “underweight” rating for the company in a research report on Tuesday, October 4th. StockNews.com raised shares of AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday, November 7th. Finally, TheStreet cut shares of AMC Networks from a “c” rating to a “d+” rating in a research report on Monday, December 5th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in AMC Networks by 1.0% during the third quarter. Vanguard Group Inc. now owns 3,158,192 shares of the company’s stock worth $64,111,000 after acquiring an additional 30,925 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in AMC Networks by 3.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,423,986 shares of the company’s stock worth $28,908,000 after acquiring an additional 42,312 shares in the last quarter. Invesco Ltd. raised its stake in AMC Networks by 280.9% during the first quarter. Invesco Ltd. now owns 1,377,018 shares of the company’s stock worth $55,948,000 after acquiring an additional 1,015,493 shares in the last quarter. State Street Corp raised its stake in AMC Networks by 1.9% during the second quarter. State Street Corp now owns 1,105,683 shares of the company’s stock worth $32,197,000 after acquiring an additional 20,499 shares in the last quarter. Finally, Contrarius Investment Management Ltd increased its stake in shares of AMC Networks by 27.0% in the third quarter. Contrarius Investment Management Ltd now owns 875,460 shares of the company’s stock valued at $17,772,000 after buying an additional 186,385 shares during the period. Institutional investors and hedge funds own 63.13% of the company’s stock.

AMC Networks Trading Down 0.6 %

AMCX stock opened at $17.54 on Friday. The company has a debt-to-equity ratio of 2.65, a current ratio of 1.77 and a quick ratio of 1.77. The company has a fifty day moving average price of $17.82 and a two-hundred day moving average price of $22.67. AMC Networks has a one year low of $14.45 and a one year high of $44.66. The stock has a market cap of $753.87 million, a price-to-earnings ratio of 2.65 and a beta of 1.17.

AMC Networks (NASDAQ:AMCX – Get Rating) last announced its earnings results on Friday, November 4th. The company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.10. The company had revenue of $681.84 million during the quarter, compared to analysts’ expectations of $794.53 million. AMC Networks had a net margin of 9.86% and a return on equity of 32.06%. Equities analysts anticipate that AMC Networks will post 7.91 EPS for the current year.

AMC Networks Company Profile

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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.