AMC Networks Inc. (NASDAQ:AMCX) Given Consensus Rating of “Hold” by Brokerages

Shares of AMC Networks Inc. (NASDAQ:AMCX) have earned an average recommendation of “Hold” from the three analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $8.50.

A number of equities research analysts have commented on AMCX shares. Morgan Stanley reduced their price target on AMC Networks from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, November 12th. Seaport Res Ptn raised AMC Networks from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 22nd. Finally, StockNews.com upgraded AMC Networks from a “hold” rating to a “buy” rating in a report on Monday, November 11th.

Institutional Investors Weigh In On AMC Networks

Several institutional investors have recently bought and sold shares of the stock. DGS Capital Management LLC lifted its stake in AMC Networks by 9.9% during the 3rd quarter. DGS Capital Management LLC now owns 24,148 shares of the company’s stock valued at $210,000 after acquiring an additional 2,180 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of AMC Networks by 37.6% in the third quarter. Franklin Resources Inc. now owns 23,190 shares of the company’s stock valued at $202,000 after purchasing an additional 6,340 shares during the last quarter. Virtu Financial LLC lifted its position in shares of AMC Networks by 45.4% during the third quarter. Virtu Financial LLC now owns 29,783 shares of the company’s stock valued at $259,000 after purchasing an additional 9,304 shares in the last quarter. Geode Capital Management LLC boosted its holdings in AMC Networks by 4.2% during the third quarter. Geode Capital Management LLC now owns 775,596 shares of the company’s stock worth $6,741,000 after purchasing an additional 31,378 shares during the last quarter. Finally, Barclays PLC grew its position in AMC Networks by 8.5% in the 3rd quarter. Barclays PLC now owns 554,837 shares of the company’s stock worth $4,821,000 after purchasing an additional 43,623 shares in the last quarter. Institutional investors own 78.51% of the company’s stock.

AMC Networks Stock Performance

AMC Networks stock opened at $9.70 on Monday. The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 2.03. The stock has a market cap of $427.97 million, a PE ratio of 15.40 and a beta of 1.34. AMC Networks has a 12-month low of $7.08 and a 12-month high of $20.97. The business’s 50-day moving average price is $8.74 and its two-hundred day moving average price is $9.94.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings data on Friday, November 8th. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.29. The company had revenue of $599.60 million for the quarter, compared to the consensus estimate of $587.12 million. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. AMC Networks’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same quarter last year, the business posted $1.85 EPS. As a group, analysts expect that AMC Networks will post 4.09 earnings per share for the current fiscal year.

About AMC Networks

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.