AMC Networks Inc. (NASDAQ:AMCX) had its target price cut by Jefferies Group LLC from $65.00 to $55.00 in a research report report published on Friday. They currently have a hold rating on the stock. Jefferies Group also issued estimates for AMC Networks’ Q4 2017 earnings at $1.54 EPS, FY2017 earnings at $7.20 EPS, Q1 2018 earnings at $2.23 EPS, Q2 2018 earnings at $1.87 EPS, Q3 2018 earnings at $1.65 EPS, Q4 2018 earnings at $1.69 EPS, FY2018 earnings at $7.43 EPS, FY2019 earnings at $8.03 EPS, FY2020 earnings at $8.85 EPS and FY2021 earnings at $9.33 EPS.

A number of other research analysts have also weighed in on the company. Piper Jaffray Companies set a $60.00 price objective on AMC Networks and gave the stock a hold rating in a report on Wednesday, November 1st. Cowen and Company reaffirmed a hold rating and set a $53.00 price objective on shares of AMC Networks in a report on Thursday, September 21st. BidaskClub raised AMC Networks from a buy rating to a strong-buy rating in a report on Monday, July 31st. Morgan Stanley lowered their target price on AMC Networks from $60.00 to $55.00 and set an equal weight rating on the stock in a report on Tuesday, October 31st. Finally, Zacks Investment Research lowered AMC Networks from a buy rating to a hold rating in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $58.00.

AMC Networks (NASDAQ AMCX) traded up $0.41 during mid-day trading on Friday, reaching $47.91. The company had a trading volume of 337,346 shares, compared to its average volume of 1,135,085. The company has a debt-to-equity ratio of 37.53, a quick ratio of 2.57 and a current ratio of 2.57. AMC Networks has a 12-month low of $47.44 and a 12-month high of $67.61. The stock has a market capitalization of $3,019.29, a PE ratio of 6.82, a price-to-earnings-growth ratio of 0.74 and a beta of 1.09.

AMC Networks (NASDAQ:AMCX) last issued its quarterly earnings data on Thursday, November 2nd. The company reported $1.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.53. AMC Networks had a return on equity of 948.45% and a net margin of 12.12%. The company had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $660.79 million. During the same quarter in the previous year, the business earned $1.11 earnings per share. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. research analysts predict that AMC Networks will post 6.76 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of AMC Networks by 385.4% in the 2nd quarter. Royal Bank of Canada now owns 93,357 shares of the company’s stock worth $4,986,000 after acquiring an additional 74,123 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of AMC Networks by 138.5% in the 2nd quarter. Prudential Financial Inc. now owns 337,589 shares of the company’s stock worth $18,031,000 after acquiring an additional 196,030 shares during the last quarter. First Trust Advisors LP grew its holdings in shares of AMC Networks by 353.3% in the 2nd quarter. First Trust Advisors LP now owns 60,544 shares of the company’s stock worth $3,234,000 after acquiring an additional 47,189 shares during the last quarter. Cipher Capital LP acquired a new position in shares of AMC Networks in the 2nd quarter worth $4,189,000. Finally, LSV Asset Management grew its holdings in shares of AMC Networks by 284.0% in the 2nd quarter. LSV Asset Management now owns 721,131 shares of the company’s stock worth $38,515,000 after acquiring an additional 533,360 shares during the last quarter. 85.01% of the stock is currently owned by institutional investors.

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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