AMC Entertainment (AMC) Upgraded to “Buy” by Wedbush

AMC Entertainment (NYSE:AMC) was upgraded by research analysts at Wedbush to a “buy” rating in a report released on Monday. The brokerage presently has a $25.00 price target on the stock. Wedbush’s price objective suggests a potential upside of 51.98% from the company’s previous close.

A number of other equities analysts also recently weighed in on AMC. ValuEngine raised shares of AMC Entertainment from a “sell” rating to a “hold” rating in a research note on Monday, April 2nd. B. Riley reaffirmed a “buy” rating and issued a $27.50 target price (down from $30.00) on shares of AMC Entertainment in a research note on Friday, March 2nd. Zacks Investment Research downgraded shares of AMC Entertainment from a “hold” rating to a “sell” rating in a research note on Monday, March 12th. TheStreet raised shares of AMC Entertainment from a “d+” rating to a “c-” rating in a research note on Monday, March 12th. Finally, Royal Bank of Canada downgraded shares of AMC Entertainment from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $23.54.

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NYSE:AMC opened at $16.45 on Monday. The stock has a market capitalization of $2,102.03, a price-to-earnings ratio of -18.48, a PEG ratio of 9.54 and a beta of 0.86. AMC Entertainment has a 12 month low of $10.80 and a 12 month high of $31.45. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 2.27.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings results on Thursday, March 1st. The company reported ($2.14) EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by ($2.41). AMC Entertainment had a negative net margin of 9.59% and a negative return on equity of 6.04%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the firm earned $0.33 earnings per share. AMC Entertainment’s quarterly revenue was up 53.0% on a year-over-year basis. research analysts predict that AMC Entertainment will post 0.17 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of AMC. Advisor Group Inc. grew its holdings in AMC Entertainment by 445.3% during the fourth quarter. Advisor Group Inc. now owns 9,380 shares of the company’s stock valued at $141,000 after purchasing an additional 7,660 shares during the period. Deprince Race & Zollo Inc. acquired a new position in AMC Entertainment during the fourth quarter valued at approximately $151,000. Two Sigma Securities LLC acquired a new position in AMC Entertainment during the fourth quarter valued at approximately $238,000. Pitcairn Co. acquired a new position in AMC Entertainment during the fourth quarter valued at approximately $238,000. Finally, Teacher Retirement System of Texas acquired a new position in shares of AMC Entertainment in the fourth quarter valued at approximately $275,000. 43.75% of the stock is owned by institutional investors and hedge funds.

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About AMC Entertainment

AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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