Zacks Investment Research upgraded shares of AMC Entertainment (NYSE:AMC) from a strong sell rating to a hold rating in a research report sent to investors on Friday morning, Zacks.com reports.

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. “

Other equities analysts have also issued reports about the stock. Wedbush reaffirmed a hold rating and set a $7.00 target price on shares of AMC Entertainment in a research report on Wednesday, June 10th. Credit Suisse Group lowered shares of AMC Entertainment from a neutral rating to an underperform rating and cut their price objective for the company from $4.00 to $2.00 in a report on Monday, June 29th. Imperial Capital cut their price objective on shares of AMC Entertainment from $6.00 to $4.00 and set an in-line rating on the stock in a report on Tuesday, June 30th. ValuEngine raised shares of AMC Entertainment from a buy rating to a strong-buy rating in a report on Monday, May 11th. Finally, Macquarie reissued a hold rating and set a $5.00 price objective on shares of AMC Entertainment in a report on Wednesday, June 10th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $7.19.

Shares of NYSE:AMC opened at $4.26 on Friday. The firm has a market cap of $497.23 million, a PE ratio of -0.20 and a beta of 1.70. The firm’s 50 day simple moving average is $5.12 and its 200-day simple moving average is $5.16. AMC Entertainment has a one year low of $1.95 and a one year high of $12.49. The company has a debt-to-equity ratio of 8.02, a quick ratio of 0.34 and a current ratio of 0.34.

AMC Entertainment (NYSE:AMC) last issued its earnings results on Tuesday, June 9th. The company reported ($2.22) EPS for the quarter, missing the Zacks’ consensus estimate of ($2.16) by ($0.06). The company had revenue of $941.50 million for the quarter, compared to analysts’ expectations of $947.06 million. AMC Entertainment had a negative return on equity of 28.65% and a negative net margin of 42.12%. The business’s revenue was down 21.5% compared to the same quarter last year. During the same period last year, the business posted ($1.25) earnings per share. Equities research analysts predict that AMC Entertainment will post -10.12 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its stake in AMC Entertainment by 30.5% in the fourth quarter. Bank of New York Mellon Corp now owns 907,673 shares of the company’s stock valued at $6,572,000 after acquiring an additional 212,227 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of AMC Entertainment during the first quarter worth $563,000. Cubist Systematic Strategies LLC lifted its stake in shares of AMC Entertainment by 133.3% during the fourth quarter. Cubist Systematic Strategies LLC now owns 61,100 shares of the company’s stock worth $442,000 after buying an additional 34,910 shares during the period. Wiley BROS. Aintree Capital LLC acquired a new stake in shares of AMC Entertainment during the first quarter worth $32,000. Finally, State Street Corp lifted its stake in shares of AMC Entertainment by 1.0% during the first quarter. State Street Corp now owns 1,113,671 shares of the company’s stock worth $3,519,000 after buying an additional 10,539 shares during the period. Institutional investors own 37.30% of the company’s stock.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.

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