AMC Networks Inc. (NASDAQ:AMCX) shares were down 1.3% during trading on Tuesday . The company traded as low as $54.85 and last traded at $54.97, with a volume of 438,270 shares traded. The stock had previously closed at $55.68.

A number of research analysts have recently commented on AMCX shares. Morgan Stanley lowered AMC Networks from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $78.00 to $65.00 in a report on Wednesday, June 22nd. Albert Fried & Company reiterated a “buy” rating on shares of AMC Networks in a report on Tuesday, July 12th. Stifel Nicolaus cut their price target on AMC Networks from $89.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, July 20th. Zacks Investment Research upgraded AMC Networks from a “sell” rating to a “hold” rating in a report on Wednesday, August 10th. Finally, JPMorgan Chase & Co. cut their price target on AMC Networks from $66.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, August 5th. Nine equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $77.03.

The company has a 50 day moving average of $56.34 and a 200 day moving average of $62.15. The firm has a market cap of $3.91 billion and a P/E ratio of 11.41.

AMC Networks (NASDAQ:AMCX) last issued its earnings results on Thursday, August 4th. The company reported $1.28 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.28. The business had revenue of $685 million for the quarter, compared to the consensus estimate of $676.87 million. The business’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.14 earnings per share. On average, equities analysts expect that AMC Networks Inc. will post $5.60 EPS for the current fiscal year.

Other hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in AMC Networks by 21.5% in the fourth quarter. BNP Paribas Arbitrage SA now owns 126,455 shares of the company’s stock valued at $9,444,000 after buying an additional 22,400 shares during the last quarter. Principal Financial Group Inc. boosted its stake in AMC Networks by 2.4% in the fourth quarter. Principal Financial Group Inc. now owns 198,664 shares of the company’s stock valued at $14,836,000 after buying an additional 4,693 shares during the last quarter. Morgan Stanley boosted its stake in AMC Networks by 166.3% in the fourth quarter. Morgan Stanley now owns 251,563 shares of the company’s stock valued at $18,787,000 after buying an additional 157,113 shares during the last quarter. Wells Fargo & Company MN boosted its stake in AMC Networks by 5.7% in the fourth quarter. Wells Fargo & Company MN now owns 285,730 shares of the company’s stock valued at $21,338,000 after buying an additional 15,331 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its stake in AMC Networks by 49.8% in the fourth quarter. Westfield Capital Management Co. LP now owns 525,156 shares of the company’s stock valued at $39,219,000 after buying an additional 174,527 shares during the last quarter.

AMC Networks Inc is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. The Company operates through two segments: National Networks, and International and Other. The National Networks segment principally includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.

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