AMC Networks (AMCX) Rating Increased to Neutral at Moffett Nathanson

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.

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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.

Analyst Recommendations for AMC Networks (NASDAQ:AMCX)

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