AMC Networks (AMCX) Rating Increased to Sell at BidaskClub

BidaskClub upgraded shares of AMC Networks (NASDAQ:AMCX) from a strong sell rating to a sell rating in a research report report published on Saturday.

Other analysts also recently issued research reports about the company. TheStreet upgraded AMC Networks from a c rating to a b- rating in a research report on Thursday, December 21st. Royal Bank of Canada began coverage on AMC Networks in a research report on Wednesday, March 14th. They issued a sector perform rating and a $57.00 target price for the company. ValuEngine upgraded AMC Networks from a hold rating to a buy rating in a research report on Monday, December 4th. Cowen reaffirmed a hold rating and issued a $63.00 price target on shares of AMC Networks in a research note on Monday, February 5th. Finally, Macquarie cut AMC Networks from an outperform rating to a neutral rating and set a $60.00 price target on the stock. in a research note on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, twelve have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $59.55.

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Shares of AMCX stock opened at $49.11 on Friday. The firm has a market capitalization of $2,982.11, a P/E ratio of 6.82, a P/E/G ratio of 0.82 and a beta of 0.84. AMC Networks has a 12-month low of $46.89 and a 12-month high of $67.44. The company has a debt-to-equity ratio of 19.07, a current ratio of 2.53 and a quick ratio of 2.53.

AMC Networks (NASDAQ:AMCX) last released its earnings results on Thursday, March 1st. The company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.49 by $0.19. The company had revenue of $726.93 million during the quarter, compared to the consensus estimate of $730.82 million. AMC Networks had a return on equity of 531.46% and a net margin of 16.80%. AMC Networks’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS. analysts expect that AMC Networks will post 8.13 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in AMC Networks by 46.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the company’s stock worth $172,000 after purchasing an additional 1,008 shares during the period. Brown Advisory Inc. purchased a new position in shares of AMC Networks during the third quarter valued at approximately $203,000. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of AMC Networks by 71.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,686 shares of the company’s stock valued at $200,000 after buying an additional 1,537 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in shares of AMC Networks during the third quarter valued at approximately $218,000. Finally, Parametrica Management Ltd purchased a new position in shares of AMC Networks during the fourth quarter valued at approximately $212,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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AMC Networks Company Profile

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. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.

Analyst Recommendations for AMC Networks (NASDAQ:AMCX)

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