AMC Networks (NASDAQ:AMCX) Upgraded by StockNews.com to “Buy” Rating

StockNews.com upgraded shares of AMC Networks (NASDAQ:AMCX) from a hold rating to a buy rating in a report published on Monday.

Several other equities research analysts have also recently weighed in on AMCX. Seaport Res Ptn upgraded AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company cut their target price on AMC Networks from $11.00 to $8.00 and set an “underweight” rating for the company in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, AMC Networks currently has a consensus rating of “Hold” and a consensus target price of $8.50.

AMC Networks Trading Down 1.3 %

Shares of NASDAQ:AMCX opened at $9.52 on Monday. The business’s 50 day simple moving average is $8.28 and its 200 day simple moving average is $10.73. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.32 and a quick ratio of 2.13. AMC Networks has a 1 year low of $7.08 and a 1 year high of $20.97. The company has a market capitalization of $419.83 million, a P/E ratio of 15.11 and a beta of 1.29.

AMC Networks (NASDAQ:AMCX) last released its earnings results on Friday, November 8th. The company reported $0.91 earnings per share 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 during the quarter, compared to analysts’ expectations of $587.12 million. During the same period in the prior year, the company earned $1.85 earnings per share. The company’s quarterly revenue was down 5.9% on a year-over-year basis. On average, research analysts anticipate that AMC Networks will post 4.24 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its stake in shares of AMC Networks by 3.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,811 shares of the company’s stock valued at $520,000 after acquiring an additional 1,434 shares during the last quarter. EMC Capital Management increased its holdings in AMC Networks by 23.8% in the first quarter. EMC Capital Management now owns 7,792 shares of the company’s stock valued at $95,000 after purchasing an additional 1,500 shares during the period. Exchange Traded Concepts LLC increased its holdings in AMC Networks by 6.6% in the third quarter. Exchange Traded Concepts LLC now owns 34,725 shares of the company’s stock valued at $302,000 after purchasing an additional 2,150 shares during the period. Quarry LP increased its holdings in AMC Networks by 119.2% in the second quarter. Quarry LP now owns 4,295 shares of the company’s stock valued at $41,000 after purchasing an additional 2,336 shares during the period. Finally, Entropy Technologies LP increased its holdings in AMC Networks by 24.2% in the third quarter. Entropy Technologies LP now owns 14,381 shares of the company’s stock valued at $125,000 after purchasing an additional 2,800 shares during the period. 78.51% of the stock is currently owned by institutional investors.

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.