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.
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.
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.
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