AMC Entertainment (NYSE:AMC) Given New $2.60 Price Target at Citigroup

AMC Entertainment (NYSE:AMC) had its price target increased by Citigroup from $2.20 to $2.60 in a report issued on Friday,Benzinga reports. The brokerage currently has a sell rating on the stock.

Other equities analysts have also recently issued reports about the stock. Weiss Ratings raised shares of AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 31st. Zacks Research upgraded shares of AMC Entertainment from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 13th. Needham & Company LLC set a $3.50 price target on shares of AMC Entertainment in a report on Tuesday, July 21st. Texas Capital raised shares of AMC Entertainment from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 15th. Finally, Roth Capital reiterated a “neutral” rating on shares of AMC Entertainment in a research report on Friday, October 23rd. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, AMC Entertainment presently has an average rating of “Moderate Buy” and a consensus price target of $2.73.

AMC Entertainment Stock Performance

NYSE:AMC traded up $0.04 during trading hours on Friday, reaching $3.12. The stock had a trading volume of 18,828,645 shares, compared to its average volume of 21,042,092. AMC Entertainment has a 52 week low of $0.93 and a 52 week high of $3.77. The company has a 50 day moving average price of $2.87 and a two-hundred day moving average price of $2.02. The stock has a market capitalization of $2.79 billion, a PE ratio of -8.45 and a beta of 2.03.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Wednesday, November 4th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The firm had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the company posted ($0.21) earnings per share. The firm’s revenue was up 31.6% compared to the same quarter last year. Equities research analysts predict that AMC Entertainment will post -0.06 EPS for the current year.

Institutional Investors Weigh In On AMC Entertainment

Institutional investors have recently made changes to their positions in the company. Readystate Asset Management LP purchased a new position in shares of AMC Entertainment during the 2nd quarter worth about $8,343,000. Fund 1 Investments LLC purchased a new stake in AMC Entertainment in the 2nd quarter worth about $4,192,000. Fulcrum Asset Management LLP raised its position in AMC Entertainment by 736.1% in the 3rd quarter. Fulcrum Asset Management LLP now owns 1,033,874 shares of the company’s stock worth $3,184,000 after purchasing an additional 910,214 shares during the period. Headlands Technologies LLC purchased a new stake in AMC Entertainment in the 2nd quarter worth about $1,643,000. Finally, WINTON GROUP Ltd bought a new stake in AMC Entertainment in the second quarter worth about $969,000. Institutional investors own 28.80% of the company’s stock.

Trending Headlines about AMC Entertainment

Here are the key news stories impacting AMC Entertainment this week:

• Positive Sentiment: AMC reported record third-quarter revenue of $1.71 billion, up 31.6% year over year, and record adjusted EBITDA. It swung to net income of $109.3 million from a year-earlier loss, with nearly $110 million in positive free cash flow. AMC Q3 earnings highlights
• Positive Sentiment: AMC refinanced about 97% of its debt, extending maturities through 2033 and lowering interest costs—potentially easing pressure on future earnings. Management also expects positive full-year 2026 free cash flow. AMC long-term investor takeaways
• Positive Sentiment: CEO Adam Aron said AMC has recovered from pandemic-era struggles, citing back-to-back record quarters. The company’s premium screens, though a small share of its total, generated a disproportionately large share of revenue. CEO comments on AMC’s recovery
• Neutral Sentiment: AMC passed a momentum-and-value stock screen, and a separate report noted unusually high call-option buying. These may reflect bullish trading interest, but neither guarantees sustained gains. Momentum stock screen
• Negative Sentiment: Citigroup raised its price target from $2.20 to $2.60 but maintained a “sell” rating, indicating a view that shares could be worth less than their recent trading level. Citigroup recommendations
• Negative Sentiment: Despite the earnings beat, AMC shares reportedly came under pressure after results. Investors may remain concerned about the company’s debt burden, accumulated deficit and share dilution, which could temper the positive turnaround narrative. Why AMC fell after its Q3 results

About AMC Entertainment

AMC Entertainment Holdings, Inc is one of the world’s largest theatrical exhibition companies. Through its AMC Theatres and ODEON Cinemas Group brands, the company operates movie theaters that showcase new film releases and provide audiences with premium viewing experiences.

AMC’s theater offerings include standard and large-format screens, IMAX and Dolby Cinema experiences, reserved seating, mobile and online ticketing, and food and beverage services. The company also operates loyalty programs, including AMC Stubs, and offers subscription and membership products in select markets.

Founded in 1920, AMC serves moviegoers primarily in the United States and Europe.