Shares of AMC Networks Inc. (NASDAQ:AMCX – Get Free Report) have been given an average rating of “Hold” by the three analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $9.50.
A number of research firms have issued reports on AMCX. Seaport Res Ptn raised AMC Networks from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 22nd. Wells Fargo & Company lowered their price objective on shares of AMC Networks from $11.00 to $8.00 and set an “underweight” rating on the stock in a research note on Monday, August 12th. Finally, StockNews.com cut shares of AMC Networks from a “buy” rating to a “hold” rating in a research note on Friday, July 12th.
Check Out Our Latest Analysis on AMC Networks
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AMC Networks Price Performance
NASDAQ AMCX opened at $8.09 on Friday. The company has a market cap of $352.42 million, a P/E ratio of 2.27 and a beta of 1.28. AMC Networks has a 1 year low of $7.08 and a 1 year high of $20.97. The company has a current ratio of 2.13, a quick ratio of 2.13 and a debt-to-equity ratio of 2.17. The company has a fifty day simple moving average of $8.72 and a 200 day simple moving average of $10.95.
AMC Networks (NASDAQ:AMCX – Get Free Report) last released its quarterly earnings results on Friday, August 9th. The company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.52 by ($0.28). The firm had revenue of $625.90 million for the quarter, compared to the consensus estimate of $601.41 million. AMC Networks had a net margin of 2.29% and a return on equity of 20.47%. The firm’s revenue was down 7.8% on a year-over-year basis. During the same quarter last year, the company earned $2.02 earnings per share. On average, sell-side analysts predict that AMC Networks will post 4.86 EPS for the current 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.
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