BidaskClub upgraded shares of Amc Networks (NASDAQ:AMCX) from a hold rating to a buy rating in a research note issued to investors on Friday morning.

Several other equities research analysts have also recently commented on AMCX. Zacks Investment Research cut shares of Amc Networks from a buy rating to a hold rating in a research report on Monday, August 6th. Imperial Capital initiated coverage on shares of Amc Networks in a report on Thursday, July 19th. They issued an in-line rating and a $65.00 target price on the stock. ValuEngine raised shares of Amc Networks from a sell rating to a hold rating in a report on Wednesday, October 31st. Deutsche Bank upped their target price on shares of Amc Networks from $55.00 to $60.00 and gave the company a hold rating in a report on Monday, November 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of Amc Networks from $62.00 to $65.00 and gave the company a neutral rating in a report on Friday, November 2nd. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $62.20.

Shares of NASDAQ AMCX opened at $58.68 on Friday. The firm has a market capitalization of $3.33 billion, a P/E ratio of 7.96, a P/E/G ratio of 0.78 and a beta of 0.79. The company has a debt-to-equity ratio of 10.69, a current ratio of 2.51 and a quick ratio of 2.51. Amc Networks has a 1-year low of $48.00 and a 1-year high of $69.02.

Amc Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Thursday, November 1st. The company reported $2.15 EPS for the quarter, topping the consensus estimate of $1.78 by $0.37. Amc Networks had a net margin of 17.76% and a return on equity of 221.77%. The firm had revenue of $696.87 million for the quarter, compared to analysts’ expectations of $693.20 million. During the same period in the previous year, the firm posted $1.68 EPS. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Sell-side analysts expect that Amc Networks will post 8.27 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. TIAA CREF Investment Management LLC raised its holdings in Amc Networks by 5.1% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 796,711 shares of the company’s stock valued at $52,854,000 after acquiring an additional 38,737 shares during the period. Redhawk Wealth Advisors Inc. bought a new position in Amc Networks in the 3rd quarter valued at about $372,000. Macquarie Group Ltd. raised its holdings in Amc Networks by 55.0% in the 3rd quarter. Macquarie Group Ltd. now owns 31,000 shares of the company’s stock valued at $2,056,000 after acquiring an additional 11,000 shares during the period. Man Group plc raised its holdings in Amc Networks by 357.8% in the 3rd quarter. Man Group plc now owns 129,963 shares of the company’s stock valued at $8,621,000 after acquiring an additional 101,573 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in Amc Networks by 59.9% in the 3rd quarter. Pacer Advisors Inc. now owns 23,261 shares of the company’s stock valued at $1,543,000 after acquiring an additional 8,717 shares during the period. 87.03% of the stock is currently owned by hedge funds and other institutional investors.

About Amc Networks

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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