Analysts Set AMC Networks Inc. (NASDAQ:AMCX) PT at $8.50

Shares of AMC Networks Inc. (NASDAQ:AMCX) have received an average rating of “Hold” from the three research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $8.50.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. nVerses Capital LLC purchased a new stake in AMC Networks during the 3rd quarter valued at about $55,000. R Squared Ltd bought a new stake in AMC Networks in the fourth quarter valued at approximately $59,000. Quantinno Capital Management LP bought a new stake in AMC Networks in the third quarter valued at approximately $88,000. FORA Capital LLC purchased a new stake in shares of AMC Networks during the third quarter valued at approximately $89,000. Finally, MML Investors Services LLC bought a new position in shares of AMC Networks in the third quarter worth approximately $91,000. 78.51% of the stock is owned by institutional investors.

AMC Networks Trading Down 0.3 %

Shares of AMC Networks stock opened at $9.42 on Tuesday. The company has a 50 day simple moving average of $9.48 and a two-hundred day simple moving average of $9.22. The firm has a market cap of $415.61 million, a PE ratio of 14.95 and a beta of 1.31. AMC Networks has a 1 year low of $7.08 and a 1 year high of $18.58. The company has a debt-to-equity ratio of 2.03, a current ratio of 2.32 and a quick ratio of 2.32.

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

AMC Networks Company Profile

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.