AMC Networks (NASDAQ:AMCX) was upgraded by Moffett Nathanson from a “sell” rating to a “neutral” rating in a research note issued on Tuesday.
Other equities analysts have also issued reports about the company. TheStreet upgraded AMC Networks from a “c” rating to a “b-” rating in a report on Thursday, December 21st. Piper Jaffray Companies set a $60.00 target price on AMC Networks and gave the company a “hold” rating in a report on Wednesday, November 1st. ValuEngine upgraded AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, December 4th. BidaskClub upgraded AMC Networks from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 23rd. Finally, Cowen reaffirmed a “hold” rating and issued a $63.00 price target on shares of AMC Networks in a research report on Monday, February 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. AMC Networks currently has an average rating of “Hold” and a consensus price target of $62.42.
AMC Networks (NASDAQ:AMCX) traded down $0.86 during midday trading on Tuesday, reaching $52.58. The company’s stock had a trading volume of 439,500 shares, compared to its average volume of 713,833. AMC Networks has a one year low of $46.89 and a one year high of $67.61. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 37.53. The company has a market capitalization of $3,252.76, a price-to-earnings ratio of 10.37, a P/E/G ratio of 0.96 and a beta of 0.91.
Large investors have recently modified their holdings of the company. Advisor Group Inc. grew its position in shares of AMC Networks by 24.4% in the second quarter. Advisor Group Inc. now owns 2,111 shares of the company’s stock valued at $112,000 after purchasing an additional 414 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in AMC Networks by 46.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the company’s stock worth $172,000 after buying an additional 1,008 shares in the last quarter. PNC Financial Services Group Inc. grew its position in AMC Networks by 2.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock worth $175,000 after buying an additional 88 shares in the last quarter. Brown Advisory Inc. acquired a new stake in AMC Networks during the third quarter worth about $203,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its position in AMC Networks by 71.5% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,686 shares of the company’s stock worth $200,000 after buying an additional 1,537 shares in the last quarter. 89.04% of the stock is currently owned by institutional investors.
About AMC Networks
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.
Receive News & Ratings for AMC Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Networks and related companies with MarketBeat.com's FREE daily email newsletter.