AMC Networks Inc. (NASDAQ:AMCX) Given Average Rating of “Hold” by Brokerages

AMC Networks Inc. (NASDAQ:AMCX) has been given a consensus rating of “Hold” by the three ratings firms that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $8.50.

AMCX has been the subject of a number of research analyst reports. StockNews.com raised shares of AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday, November 11th. Seaport Res Ptn upgraded AMC Networks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley reduced their target price on AMC Networks from $10.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, November 12th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. R Squared Ltd acquired a new position in AMC Networks in the fourth quarter worth $59,000. nVerses Capital LLC bought a new stake in AMC Networks in the third quarter valued at about $55,000. Quantinno Capital Management LP bought a new stake in AMC Networks in the third quarter valued at about $88,000. FORA Capital LLC bought a new stake in AMC Networks in the third quarter valued at about $89,000. Finally, MML Investors Services LLC bought a new stake in AMC Networks in the third quarter valued at about $91,000. 78.51% of the stock is owned by institutional investors.

AMC Networks Stock Performance

Shares of AMCX opened at $9.45 on Tuesday. The company has a debt-to-equity ratio of 2.03, a quick ratio of 2.32 and a current ratio of 2.32. The stock has a market capitalization of $416.93 million, a P/E ratio of 15.00 and a beta of 1.31. The company’s fifty day moving average is $9.48 and its two-hundred day moving average is $9.23. AMC Networks has a 1 year low of $7.08 and a 1 year high of $18.58.

AMC Networks (NASDAQ:AMCX) last issued its earnings results on Friday, November 8th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.62 by $0.29. AMC Networks had a net margin of 1.45% and a return on equity of 17.41%. The company had revenue of $599.60 million for the quarter, compared to analyst estimates of $587.12 million. During the same period in the previous year, the firm earned $1.85 EPS. The business’s revenue was down 5.9% on a year-over-year basis. On average, sell-side analysts predict that AMC Networks will post 4.09 earnings per share 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.