Shares of AMC Networks Inc. (NASDAQ:AMCX) have earned an average recommendation of “Hold” from the eighteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $59.40.

AMCX has been the topic of a number of research analyst reports. Sanford C. Bernstein restated a “market perform” rating on shares of AMC Networks in a report on Tuesday, September 12th. Zacks Investment Research lowered shares of AMC Networks from a “buy” rating to a “hold” rating in a report on Friday, July 14th. Cowen and Company restated a “hold” rating and set a $53.00 price objective on shares of AMC Networks in a report on Thursday, September 21st. Guggenheim lowered shares of AMC Networks from a “buy” rating to a “neutral” rating in a report on Thursday, October 12th. Finally, Wells Fargo & Company initiated coverage on shares of AMC Networks in a report on Tuesday, October 10th. They set an “outperform” rating and a $72.00 price objective on the stock.

AMC Networks (AMCX) traded down $0.81 on Monday, reaching $48.46. 785,300 shares of the company’s stock traded hands, compared to its average volume of 746,363. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 37.53. The firm has a market capitalization of $3,047.99, a price-to-earnings ratio of 7.08, a PEG ratio of 0.92 and a beta of 1.09. AMC Networks has a 12 month low of $47.13 and a 12 month high of $67.61.

AMC Networks (NASDAQ:AMCX) last posted its earnings results on Thursday, November 2nd. The company reported $1.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 analyst estimates of $660.79 million. During the same period last year, the business posted $1.11 earnings per share. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. research analysts forecast that AMC Networks will post 7.01 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. World Asset Management Inc grew its position in AMC Networks by 0.3% in the second quarter. World Asset Management Inc now owns 3,972 shares of the company’s stock valued at $212,000 after purchasing an additional 12 shares in the last quarter. PNC Financial Services Group Inc. grew its position in AMC Networks by 2.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock valued at $175,000 after purchasing an additional 88 shares in the last quarter. Wrapmanager Inc. grew its position in AMC Networks by 3.2% in the second quarter. Wrapmanager Inc. now owns 4,102 shares of the company’s stock valued at $219,000 after purchasing an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in AMC Networks by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock valued at $116,000 after purchasing an additional 181 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its position in shares of AMC Networks by 1.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 14,400 shares of the company’s stock valued at $769,000 after acquiring an additional 200 shares during the period. 85.01% of the stock is owned by institutional investors and hedge funds.

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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