AMC Networks Inc. (NASDAQ:AMCX) Receives Consensus Rating of "Reduce" from Brokerages

AMC Networks Inc. (NASDAQ:AMCX - Get Free Report) has been given an average recommendation of "Reduce" by the four ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $8.00.

A number of equities analysts have commented on the stock. Morgan Stanley cut their price objective on shares of AMC Networks from $9.00 to $8.00 and set an "underweight" rating on the stock in a report on Thursday, February 20th. JPMorgan Chase & Co. cut their price objective on shares of AMC Networks from $9.00 to $8.00 and set an "underweight" rating on the stock in a report on Tuesday, February 18th. Finally, StockNews.com lowered shares of AMC Networks from a "buy" rating to a "hold" rating in a report on Monday, February 17th.

AMC Networks Stock Up 0.9 %

AMC Networks stock traded up $0.06 during trading on Friday, reaching $6.92. 803,068 shares of the company's stock were exchanged, compared to its average volume of 1,013,122. The company's 50-day moving average is $9.10 and its two-hundred day moving average is $8.98. The company has a debt-to-equity ratio of 2.63, a quick ratio of 2.38 and a current ratio of 2.38. AMC Networks has a 52-week low of $6.68 and a 52-week high of $18.58. The firm has a market cap of $305.42 million, a price-to-earnings ratio of -1.32 and a beta of 1.31.

Remove Ads

AMC Networks (NASDAQ:AMCX - Get Free Report) last issued its quarterly earnings data on Friday, February 14th. The company reported $0.64 EPS for the quarter, missing analysts' consensus estimates of $1.05 by ($0.41). AMC Networks had a positive return on equity of 18.61% and a negative net margin of 9.36%. The firm had revenue of $599.30 million during the quarter, compared to analyst estimates of $611.26 million. During the same quarter in the prior year, the firm earned $0.72 EPS. The business's quarterly revenue was down 11.7% compared to the same quarter last year. On average, analysts predict that AMC Networks will post 2.62 earnings per share for the current year.

Institutional Investors Weigh In On AMC Networks

A number of institutional investors have recently modified their holdings of AMCX. JPMorgan Chase & Co. raised its stake in shares of AMC Networks by 333.7% in the 4th quarter. JPMorgan Chase & Co. now owns 1,622,785 shares of the company's stock valued at $16,066,000 after purchasing an additional 1,248,571 shares in the last quarter. Contrarius Group Holdings Ltd acquired a new stake in shares of AMC Networks in the 4th quarter valued at about $5,359,000. Janus Henderson Group PLC raised its stake in shares of AMC Networks by 2,483.1% in the 4th quarter. Janus Henderson Group PLC now owns 309,090 shares of the company's stock valued at $3,060,000 after purchasing an additional 297,124 shares in the last quarter. D. E. Shaw & Co. Inc. raised its stake in shares of AMC Networks by 22.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,465,168 shares of the company's stock valued at $14,505,000 after purchasing an additional 267,044 shares in the last quarter. Finally, RWWM Inc. raised its stake in shares of AMC Networks by 20.6% in the 4th quarter. RWWM Inc. now owns 1,556,654 shares of the company's stock valued at $15,411,000 after purchasing an additional 266,322 shares in the last quarter. Institutional investors and hedge funds own 78.51% of the company's stock.

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.