AMC Networks (NASDAQ:AMCX) was downgraded by stock analysts at Macquarie from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday. They presently have a $60.00 target price on the stock. Macquarie’s price objective would suggest a potential upside of 16.05% from the stock’s current price.

Several other equities research analysts also recently issued reports on AMCX. TheStreet raised AMC Networks from a “c” rating to a “b-” rating in a report on Thursday, December 21st. BidaskClub raised AMC Networks from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 19th. ValuEngine upgraded AMC Networks from a “hold” rating to a “buy” rating in a research report on Monday, December 4th. Jefferies Group decreased their price target on AMC Networks from $65.00 to $55.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. Finally, Loop Capital decreased their price target on AMC Networks from $60.00 to $55.00 and set a “hold” rating on the stock in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $61.42.

AMC Networks (AMCX) opened at $51.70 on Tuesday. The stock has a market cap of $3,348.64, a PE ratio of 7.78, a P/E/G ratio of 1.02 and a beta of 1.10. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 37.53. AMC Networks has a 52-week low of $46.89 and a 52-week high of $67.61.

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

A number of institutional investors have recently made changes to their positions in AMCX. Investec Asset Management LTD grew its stake in AMC Networks by 45.0% in the 3rd quarter. Investec Asset Management LTD now owns 1,799,372 shares of the company’s stock valued at $105,209,000 after purchasing an additional 558,579 shares during the period. AJO LP grew its stake in AMC Networks by 121.4% in the 2nd quarter. AJO LP now owns 996,174 shares of the company’s stock valued at $53,206,000 after purchasing an additional 546,211 shares during the period. LSV Asset Management grew its stake in AMC Networks by 284.0% in the 2nd quarter. LSV Asset Management now owns 721,131 shares of the company’s stock valued at $38,515,000 after purchasing an additional 533,360 shares during the period. American Century Companies Inc. bought a new position in AMC Networks in the 3rd quarter valued at $20,212,000. Finally, JPMorgan Chase & Co. lifted its position in shares of AMC Networks by 206.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 505,435 shares of the company’s stock valued at $26,996,000 after buying an additional 340,632 shares during the last quarter. Institutional investors and hedge funds own 86.83% of the company’s stock.

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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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