AMC Networks Inc. (NASDAQ:AMCX) Receives $8.50 Average Price Target from Analysts

Shares of AMC Networks Inc. (NASDAQ:AMCX) have received a consensus rating of “Hold” from the three brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $8.50.

AMCX has been the subject of a number of research reports. Seaport Res Ptn upgraded shares of AMC Networks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Wells Fargo & Company decreased their price target on shares of AMC Networks from $11.00 to $8.00 and set an “underweight” rating for the company in a research report on Monday, August 12th. StockNews.com raised AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Finally, Morgan Stanley decreased their target price on AMC Networks from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, November 12th.

AMC Networks Stock Down 4.2 %

NASDAQ:AMCX opened at $9.41 on Thursday. AMC Networks has a 52 week low of $7.08 and a 52 week high of $20.97. The stock’s fifty day moving average is $8.41 and its two-hundred day moving average is $10.65. The stock has a market capitalization of $415.17 million, a price-to-earnings ratio of 14.94 and a beta of 1.29. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 2.03.

AMC Networks (NASDAQ:AMCX) last posted its earnings results on Friday, November 8th. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.29. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. The firm had revenue of $599.60 million for the quarter, compared to analyst estimates of $587.12 million. AMC Networks’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.85 EPS. Research analysts anticipate that AMC Networks will post 4.09 EPS for the current year.

Hedge Funds Weigh In On AMC Networks

A number of institutional investors and hedge funds have recently modified their holdings of AMCX. Dimensional Fund Advisors LP boosted its position in shares of AMC Networks by 18.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,625,630 shares of the company’s stock worth $15,703,000 after acquiring an additional 250,738 shares in the last quarter. Geode Capital Management LLC lifted its stake in AMC Networks by 4.2% during the third quarter. Geode Capital Management LLC now owns 775,596 shares of the company’s stock worth $6,741,000 after purchasing an additional 31,378 shares during the last quarter. American Century Companies Inc. increased its stake in AMC Networks by 6.8% in the second quarter. American Century Companies Inc. now owns 707,708 shares of the company’s stock valued at $6,836,000 after purchasing an additional 45,266 shares during the last quarter. Barclays PLC increased its stake in AMC Networks by 8.5% in the third quarter. Barclays PLC now owns 554,837 shares of the company’s stock valued at $4,821,000 after purchasing an additional 43,623 shares during the last quarter. Finally, Dana Investment Advisors Inc. raised its holdings in AMC Networks by 40.8% during the second quarter. Dana Investment Advisors Inc. now owns 534,543 shares of the company’s stock worth $5,164,000 after purchasing an additional 154,927 shares in the last quarter. Institutional investors and hedge funds own 78.51% 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, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.