Shares of Amc Networks Inc (NASDAQ:AMCX) have been given a consensus rating of “Hold” by the nineteen ratings firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $60.70.

Several research firms recently commented on AMCX. BidaskClub cut Amc Networks from a “hold” rating to a “sell” rating in a research report on Wednesday, July 25th. ValuEngine cut Amc Networks from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Imperial Capital began coverage on Amc Networks in a research report on Thursday, July 19th. They set an “in-line” rating and a $65.00 price objective on the stock. Goldman Sachs Group cut Amc Networks from a “neutral” rating to a “sell” rating and set a $61.00 price objective on the stock. in a research report on Thursday, October 4th. Finally, Zacks Investment Research cut Amc Networks from a “hold” rating to a “sell” rating in a research report on Tuesday, October 16th.

Shares of NASDAQ:AMCX traded down $0.95 on Tuesday, hitting $54.06. 850,649 shares of the company traded hands, compared to its average volume of 912,590. Amc Networks has a 52 week low of $46.89 and a 52 week high of $69.02. The company has a debt-to-equity ratio of 16.00, a current ratio of 2.46 and a quick ratio of 2.46. The company has a market capitalization of $3.08 billion, a PE ratio of 7.34, a PEG ratio of 0.72 and a beta of 0.69.

Amc Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $1.93 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.16). Amc Networks had a net margin of 17.22% and a return on equity of 278.30%. The company had revenue of $761.39 million for the quarter, compared to the consensus estimate of $731.99 million. During the same quarter in the previous year, the business earned $1.88 earnings per share. Amc Networks’s revenue was up 7.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Amc Networks will post 8.26 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in the business. Joel Isaacson & Co. LLC boosted its position in Amc Networks by 15.0% in the second quarter. Joel Isaacson & Co. LLC now owns 8,050 shares of the company’s stock worth $501,000 after purchasing an additional 1,050 shares during the last quarter. Chicago Equity Partners LLC boosted its position in Amc Networks by 1.7% in the second quarter. Chicago Equity Partners LLC now owns 63,370 shares of the company’s stock worth $3,942,000 after purchasing an additional 1,085 shares during the last quarter. Verity Asset Management Inc. boosted its position in Amc Networks by 32.3% in the second quarter. Verity Asset Management Inc. now owns 5,879 shares of the company’s stock worth $366,000 after purchasing an additional 1,435 shares during the last quarter. State of Alaska Department of Revenue boosted its position in Amc Networks by 32.4% in the second quarter. State of Alaska Department of Revenue now owns 5,970 shares of the company’s stock worth $371,000 after purchasing an additional 1,460 shares during the last quarter. Finally, Advisors Preferred LLC boosted its position in Amc Networks by 265.9% in the second quarter. Advisors Preferred LLC now owns 2,009 shares of the company’s stock worth $125,000 after purchasing an additional 1,460 shares during the last quarter. 84.44% of the stock is currently owned by institutional investors and hedge funds.

Amc Networks Company Profile

AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

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Analyst Recommendations for Amc Networks (NASDAQ:AMCX)

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