Amc Networks (NASDAQ:AMCX) was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Thursday.

Several other brokerages also recently weighed in on AMCX. Sanford C. Bernstein downgraded Amc Networks from a “market perform” rating to an “underperform” rating in a report on Thursday, June 21st. BidaskClub upgraded Amc Networks from a “hold” rating to a “buy” rating in a report on Monday, June 18th. Goldman Sachs Group downgraded Amc Networks from a “buy” rating to a “neutral” rating and set a $73.00 price objective on the stock. in a report on Tuesday, June 26th. They noted that the move was a valuation call. Guggenheim reiterated a “hold” rating and issued a $58.00 price objective on shares of Amc Networks in a report on Friday, July 13th. Finally, Imperial Capital started coverage on Amc Networks in a report on Thursday, July 19th. They issued an “in-line” rating and a $65.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company’s stock. Amc Networks presently has an average rating of “Hold” and an average target price of $61.80.

NASDAQ AMCX traded up $0.56 during trading hours on Thursday, hitting $66.25. 408,500 shares of the company were exchanged, compared to its average volume of 683,896. The company has a debt-to-equity ratio of 16.00, a current ratio of 2.46 and a quick ratio of 2.46. Amc Networks has a 52-week low of $46.89 and a 52-week high of $69.02. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 8.99, a price-to-earnings-growth ratio of 0.82 and a beta of 0.74.

Amc Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $1.93 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.09 by ($0.16). Amc Networks had a return on equity of 278.30% and a net margin of 17.22%. The company had revenue of $761.39 million for the quarter, compared to analysts’ expectations of $731.99 million. During the same quarter last year, the company earned $1.88 EPS. Amc Networks’s revenue for the quarter was up 7.2% compared to the same quarter last year. equities research analysts anticipate that Amc Networks will post 8.31 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisors Preferred LLC grew its stake in Amc Networks by 265.9% during the 2nd quarter. Advisors Preferred LLC now owns 2,009 shares of the company’s stock worth $125,000 after buying an additional 1,460 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Amc Networks during the 2nd quarter worth approximately $213,000. Summit Trail Advisors LLC grew its stake in Amc Networks by 3,529.7% during the 1st quarter. Summit Trail Advisors LLC now owns 216,039 shares of the company’s stock worth $216,000 after buying an additional 210,087 shares during the last quarter. Creative Planning purchased a new position in Amc Networks during the 2nd quarter worth approximately $245,000. Finally, Sigma Planning Corp purchased a new position in Amc Networks during the 2nd quarter worth approximately $282,000. Institutional investors and hedge funds own 84.52% of the company’s stock.

Amc Networks Company Profile

AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

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Analyst Recommendations for Amc Networks (NASDAQ:AMCX)

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