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

Shares of AMC Networks Inc. (NASDAQ:AMCX) have been given an average rating of “Hold” by the three brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and one has assigned a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $8.50.

A number of brokerages recently weighed in on AMCX. Seaport Res Ptn upgraded AMC Networks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. StockNews.com raised AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, Morgan Stanley dropped their target price on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, November 12th.

Hedge Funds Weigh In On AMC Networks

A number of institutional investors have recently added to or reduced their stakes in the company. Quarry LP grew its position in shares of AMC Networks by 119.2% during the second quarter. Quarry LP now owns 4,295 shares of the company’s stock worth $41,000 after buying an additional 2,336 shares in the last quarter. nVerses Capital LLC bought a new position in AMC Networks during the 3rd quarter valued at $55,000. Quantinno Capital Management LP acquired a new position in AMC Networks during the 3rd quarter worth $88,000. FORA Capital LLC bought a new stake in shares of AMC Networks in the 3rd quarter worth about $89,000. Finally, MML Investors Services LLC acquired a new stake in shares of AMC Networks in the 3rd quarter valued at about $91,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

AMC Networks Price Performance

Shares of NASDAQ:AMCX opened at $8.95 on Friday. The company has a market cap of $394.88 million, a P/E ratio of 14.21 and a beta of 1.32. The business has a fifty day simple moving average of $9.34 and a 200-day simple moving average of $9.28. AMC Networks has a 52 week low of $7.08 and a 52 week high of $19.39. 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 quarterly earnings data on Friday, November 8th. The company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.29. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. The company had revenue of $599.60 million during the quarter, compared to the consensus estimate of $587.12 million. During the same quarter in the prior year, the company posted $1.85 EPS. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. Equities research analysts forecast that AMC Networks will post 4.09 EPS for the current year.

About AMC Networks

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.