Shares of AMC Entertainment Holdings, Inc. (NYSE:AMC – Get Free Report) have received a consensus rating of “Strong Sell” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $5.70.
A number of brokerages have issued reports on AMC. Macquarie lifted their price objective on AMC Entertainment from $3.50 to $4.00 and gave the company an “underperform” rating in a research note on Tuesday, July 9th. Morgan Stanley lowered their price target on AMC Entertainment from $11.00 to $10.00 and set an “underweight” rating for the company in a research report on Monday, August 12th. Wedbush restated a “neutral” rating and set a $4.00 price objective on shares of AMC Entertainment in a research note on Monday, August 5th. Finally, Benchmark reaffirmed a “hold” rating on shares of AMC Entertainment in a report on Monday, August 5th.
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AMC Entertainment Price Performance
NYSE:AMC opened at $4.96 on Thursday. The firm’s 50-day moving average price is $5.05 and its 200-day moving average price is $4.47. The company has a market capitalization of $1.79 billion, a PE ratio of -3.91 and a beta of 1.81. AMC Entertainment has a 1-year low of $2.38 and a 1-year high of $11.88.
AMC Entertainment (NYSE:AMC – Get Free Report) last announced its quarterly earnings data on Friday, August 2nd. The company reported ($0.43) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.43). The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.03 billion. The business’s revenue was down 23.1% compared to the same quarter last year. Equities analysts anticipate that AMC Entertainment will post -1.36 EPS for the current fiscal year.
AMC Entertainment Company Profile
AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.
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