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

Shares of AMC Networks Inc. (NASDAQ:AMCX) have received a consensus recommendation of “Hold” from the three ratings firms that are 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 target among brokers that have issued a report on the stock in the last year is $8.50.

Several equities research analysts have issued reports on the stock. 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. Morgan Stanley dropped their price objective on shares of AMC Networks from $10.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, November 12th. Finally, StockNews.com raised AMC Networks from a “hold” rating to a “buy” rating in a research note on Monday, November 11th.

AMC Networks Trading Up 1.3 %

Shares of AMCX stock opened at $9.37 on Monday. AMC Networks has a 52-week low of $7.08 and a 52-week high of $19.55. The business’s fifty day moving average is $8.86 and its 200 day moving average is $9.82. The company has a debt-to-equity ratio of 2.03, a quick ratio of 2.32 and a current ratio of 2.32. The company has a market capitalization of $413.41 million, a PE ratio of 14.87 and a beta of 1.34.

AMC Networks (NASDAQ:AMCX) last released its quarterly earnings results 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. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. The firm had revenue of $599.60 million for the quarter, compared to analysts’ expectations of $587.12 million. During the same quarter last year, the firm posted $1.85 EPS. The company’s revenue was down 5.9% compared to the same quarter last year. On average, equities research analysts anticipate that AMC Networks will post 4.09 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AMCX. Quarry LP boosted its stake in shares of AMC Networks by 119.2% in the 2nd quarter. Quarry LP now owns 4,295 shares of the company’s stock valued at $41,000 after purchasing an additional 2,336 shares in the last quarter. Innealta Capital LLC purchased a new stake in AMC Networks during the second quarter valued at about $48,000. nVerses Capital LLC bought a new position in shares of AMC Networks during the third quarter valued at about $55,000. Quantinno Capital Management LP purchased a new position in shares of AMC Networks in the third quarter worth about $88,000. Finally, FORA Capital LLC bought a new stake in shares of AMC Networks in the 3rd quarter valued at about $89,000. 78.51% of the stock is owned by hedge funds and other institutional investors.

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.