BidaskClub cut shares of AMC Networks (NASDAQ:AMCX) from a sell rating to a strong sell rating in a research report released on Thursday morning.

A number of other research firms have also weighed in on AMCX. Cowen reiterated a hold rating and issued a $53.00 price objective on shares of AMC Networks in a research note on Thursday, September 21st. Wells Fargo & Co began coverage on shares of AMC Networks in a research note on Tuesday, October 10th. They issued an outperform rating and a $72.00 price objective on the stock. Guggenheim lowered shares of AMC Networks from a buy rating to a neutral rating in a research note on Thursday, October 12th. TheStreet raised shares of AMC Networks from a c rating to a b- rating in a report on Thursday, December 21st. Finally, Sanford C. Bernstein reissued a market perform rating on shares of AMC Networks in a report on Tuesday, September 12th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. AMC Networks presently has a consensus rating of Hold and a consensus price target of $61.42.

AMC Networks (NASDAQ:AMCX) traded down $0.13 during trading hours on Thursday, hitting $51.57. 741,800 shares of the stock were exchanged, compared to its average volume of 876,933. The firm has a market capitalization of $3,240.00, a price-to-earnings ratio of 10.17, a P/E/G ratio of 0.97 and a beta of 1.10. AMC Networks has a 1 year low of $46.89 and a 1 year high of $67.61. The company has a debt-to-equity ratio of 37.53, a current ratio of 2.57 and a quick ratio of 2.57.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Thursday, November 2nd. The company reported $1.68 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.53. The firm had revenue of $648.00 million for the quarter, compared to analyst estimates of $660.79 million. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.11 earnings per share. equities research analysts forecast that AMC Networks will post 7.01 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. AXA boosted its holdings in AMC Networks by 468.7% during the third quarter. AXA now owns 245,100 shares of the company’s stock worth $14,331,000 after buying an additional 202,000 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in AMC Networks by 24.2% during the third quarter. Public Employees Retirement System of Ohio now owns 54,061 shares of the company’s stock valued at $3,161,000 after purchasing an additional 10,539 shares in the last quarter. Dean Investment Associates LLC lifted its holdings in AMC Networks by 4.3% during the third quarter. Dean Investment Associates LLC now owns 109,710 shares of the company’s stock valued at $6,415,000 after purchasing an additional 4,515 shares in the last quarter. RWC Asset Management LLP lifted its holdings in AMC Networks by 31.3% during the third quarter. RWC Asset Management LLP now owns 54,224 shares of the company’s stock valued at $3,170,000 after purchasing an additional 12,913 shares in the last quarter. Finally, Sterling Capital Management LLC purchased a new position in AMC Networks during the third quarter valued at $2,431,000. 86.83% of the stock is currently owned by hedge funds and other institutional investors.

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AMC Networks Company Profile

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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