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.
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.
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.
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