Shares of Amc Networks Inc (NASDAQ:AMCX) have been assigned an average rating of “Hold” from the twelve research firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $48.66.

Several research analysts recently issued reports on the stock. Deutsche Bank reduced their price target on shares of Amc Networks from $60.00 to $49.00 and set a “hold” rating on the stock in a research report on Monday, November 4th. They noted that the move was a valuation call. Wells Fargo & Co assumed coverage on shares of Amc Networks in a research report on Monday, September 23rd. They set a “market perform” rating and a $58.00 price target on the stock. Bank of America downgraded shares of Amc Networks from a “buy” rating to a “neutral” rating and set a $44.96 price target on the stock. in a research report on Wednesday, October 30th. TheStreet downgraded shares of Amc Networks from a “b-” rating to a “c+” rating in a research report on Tuesday, August 27th. Finally, Zacks Investment Research downgraded shares of Amc Networks from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th.

Institutional investors have recently added to or reduced their stakes in the business. Verity Asset Management Inc. acquired a new position in Amc Networks during the 2nd quarter valued at about $366,000. Inlet Private Wealth LLC lifted its position in Amc Networks by 16.1% during the 2nd quarter. Inlet Private Wealth LLC now owns 43,875 shares of the company’s stock valued at $2,488,000 after purchasing an additional 6,100 shares during the period. Zacks Investment Management acquired a new position in Amc Networks during the 2nd quarter valued at about $1,861,000. Vanguard Group Inc. lifted its position in Amc Networks by 0.4% during the 2nd quarter. Vanguard Group Inc. now owns 4,058,250 shares of the company’s stock valued at $221,134,000 after purchasing an additional 15,224 shares during the period. Finally, Macquarie Group Ltd. lifted its position in Amc Networks by 17.9% during the 2nd quarter. Macquarie Group Ltd. now owns 36,300 shares of the company’s stock valued at $1,978,000 after purchasing an additional 5,500 shares during the period. Institutional investors own 87.31% of the company’s stock.

Shares of NASDAQ:AMCX traded down $0.96 on Wednesday, hitting $37.47. The stock had a trading volume of 711,090 shares, compared to its average volume of 570,807. The firm’s 50 day moving average price is $43.23 and its 200-day moving average price is $50.13. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 4.31, a price-to-earnings-growth ratio of 0.46 and a beta of 0.76. The company has a debt-to-equity ratio of 5.00, a quick ratio of 2.71 and a current ratio of 2.71. Amc Networks has a twelve month low of $37.33 and a twelve month high of $68.42.

Amc Networks (NASDAQ:AMCX) last issued its quarterly earnings results on Thursday, October 31st. The company reported $2.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.65. The business had revenue of $718.60 million for the quarter, compared to the consensus estimate of $734.61 million. Amc Networks had a net margin of 15.12% and a return on equity of 106.13%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.15 EPS. As a group, sell-side analysts predict that Amc Networks will post 9.01 EPS for the current year.

About Amc Networks

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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