Zacks Investment Research upgraded shares of AMC Entertainment (NYSE:AMC) from a hold rating to a buy rating in a report released on Tuesday. The firm currently has $16.00 price objective on the stock.

According to Zacks, “AMC Entertainment Holdings, Inc., operates as a theatrical exhibition company primarily in the United States and internationally. It owned or interests in theatres and screens. AMC Entertainment Holdings, Inc. is based in Leawood, Kansas. “

Several other equities analysts also recently weighed in on the company. Wedbush set a $21.00 price target on AMC Entertainment and gave the company a buy rating in a report on Wednesday, November 1st. B. Riley restated a buy rating and set a $30.00 price target (down from $30.50) on shares of AMC Entertainment in a report on Tuesday, November 7th. Credit Suisse Group reduced their price target on AMC Entertainment from $12.00 to $10.00 and set an underperform rating for the company in a report on Tuesday, November 7th. MKM Partners restated a buy rating and set a $28.00 price target on shares of AMC Entertainment in a report on Monday, September 18th. Finally, Royal Bank of Canada downgraded AMC Entertainment from an outperform rating to a sector perform rating in a report on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $24.23.

AMC Entertainment (NYSE:AMC) traded down $0.35 on Tuesday, reaching $13.40. The company’s stock had a trading volume of 1,968,200 shares, compared to its average volume of 2,261,150. The company has a debt-to-equity ratio of 2.01, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $1,730.00, a P/E ratio of -10.23 and a beta of 1.37. AMC Entertainment has a twelve month low of $10.80 and a twelve month high of $34.90.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings data on Monday, November 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.04). The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. AMC Entertainment had a negative return on equity of 6.20% and a negative net margin of 3.87%. AMC Entertainment’s revenue for the quarter was up 51.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.31 EPS. sell-side analysts predict that AMC Entertainment will post -1.24 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in AMC. Baupost Group LLC MA purchased a new stake in shares of AMC Entertainment during the third quarter valued at $52,411,000. Janus Henderson Group PLC purchased a new position in AMC Entertainment in the second quarter worth about $63,789,000. Canyon Capital Advisors LLC purchased a new position in AMC Entertainment in the second quarter worth about $44,363,000. GMT Capital Corp boosted its position in AMC Entertainment by 508.6% in the third quarter. GMT Capital Corp now owns 1,954,804 shares of the company’s stock worth $28,736,000 after purchasing an additional 1,633,604 shares during the last quarter. Finally, Davidson Kempner Capital Management LP purchased a new position in AMC Entertainment in the second quarter worth about $31,850,000. 48.60% of the stock is currently owned by institutional investors.

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AMC Entertainment Company Profile

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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