Shares of AMC Networks Inc. (NASDAQ:AMCX – Get Free Report) have been assigned a consensus recommendation of “Reduce” from the four brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $8.00.
Several analysts recently weighed in on the company. Morgan Stanley decreased their price objective on AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. decreased their price objective on AMC Networks from $9.00 to $8.00 and set an “underweight” rating for the company in a report on Tuesday, February 18th. Finally, StockNews.com downgraded AMC Networks from a “buy” rating to a “hold” rating in a report on Monday, February 17th.
Check Out Our Latest Report on AMC Networks
Hedge Funds Weigh In On AMC Networks
AMC Networks Stock Up 4.0 %
NASDAQ:AMCX opened at $7.30 on Friday. AMC Networks has a twelve month low of $6.85 and a twelve month high of $18.58. The company has a market cap of $322.19 million, a price-to-earnings ratio of -1.39 and a beta of 1.31. The stock has a fifty day simple moving average of $9.20 and a 200-day simple moving average of $9.02. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 2.63.
AMC Networks (NASDAQ:AMCX – Get Free Report) last released its earnings results on Friday, February 14th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.05 by ($0.41). AMC Networks had a positive return on equity of 18.61% and a negative net margin of 9.36%. The business had revenue of $599.30 million for the quarter, compared to the consensus estimate of $611.26 million. During the same quarter last year, the business posted $0.72 earnings per share. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. Analysts anticipate that AMC Networks will post 2.62 EPS for the current year.
AMC Networks Company Profile
AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.
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