AMC Entertainment (NYSE:AMC) Given New $2.60 Price Target at Citigroup

AMC Entertainment (NYSE:AMC) had its target price lifted by analysts at Citigroup from $2.20 to $2.60 in a report released on Friday, Benzinga reports. The firm currently has a “sell” rating on the stock. Citigroup‘s price target would suggest a potential downside of 16.80% from the stock’s current price.

AMC has been the subject of a number of other reports. UBS Group reiterated a “buy” rating on shares of AMC Entertainment in a research note on Tuesday, July 21st. Roth Capital restated a “neutral” rating on shares of AMC Entertainment in a research report on Friday, October 23rd. B. Riley Financial reaffirmed a “neutral” rating on shares of AMC Entertainment in a report on Monday, October 19th. Benchmark reiterated a “buy” rating and issued a $3.00 target price (up from $2.50) on shares of AMC Entertainment in a research report on Tuesday, July 21st. Finally, Weiss Ratings upgraded AMC Entertainment from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 31st. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $2.73.

AMC Entertainment Trading Up 1.5%

NYSE:AMC traded up $0.04 on Friday, hitting $3.12. The company had a trading volume of 18,615,665 shares, compared to its average volume of 34,799,621. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of -8.45 and a beta of 2.03. The firm has a 50 day moving average of $2.86 and a two-hundred day moving average of $2.01. AMC Entertainment has a 52 week low of $0.93 and a 52 week high of $3.77.

AMC Entertainment (NYSE:AMC) last posted its earnings results on Wednesday, November 4th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.66 billion. The business’s quarterly revenue was up 31.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.21) EPS. As a group, equities analysts forecast that AMC Entertainment will post -0.06 EPS for the current year.

Hedge Funds Weigh In On AMC Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its stake in shares of AMC Entertainment by 4.3% during the third quarter. Russell Investments Group Ltd. now owns 340,273 shares of the company’s stock valued at $1,021,000 after acquiring an additional 14,170 shares during the last quarter. Triton Wealth Management PLLC grew its stake in shares of AMC Entertainment by 14.6% in the third quarter. Triton Wealth Management PLLC now owns 76,408 shares of the company’s stock worth $248,000 after purchasing an additional 9,757 shares during the last quarter. Fulcrum Asset Management LLP grew its stake in shares of AMC Entertainment by 736.1% in the third quarter. Fulcrum Asset Management LLP now owns 1,033,874 shares of the company’s stock worth $3,184,000 after purchasing an additional 910,214 shares during the last quarter. Candriam S.C.A. bought a new stake in shares of AMC Entertainment in the third quarter worth $134,000. Finally, StoneX Group Inc. bought a new stake in shares of AMC Entertainment in the third quarter worth $44,000. 28.80% of the stock is currently owned by institutional investors and hedge funds.

More AMC Entertainment News

Here are the key news stories impacting AMC Entertainment this week:

• Positive Sentiment: AMC reported record third-quarter revenue of $1.71 billion and adjusted EBITDA for a second consecutive quarter. It swung to $109.3 million in net income, reported positive free cash flow of nearly $110 million, and beat revenue and earnings estimates. CEO Adam Aron said the company had recovered from pandemic-era struggles. Fox Business article
• Positive Sentiment: A refinancing covering 97% of AMC’s debt extended maturities through 2033 and is expected to reduce interest costs. Management also expects positive free cash flow for 2026, while premium-format screens generate a disproportionate share of revenue. The Motley Fool article
• Neutral Sentiment: Unusually high call-option activity and momentum-screen coverage suggest increased speculative interest, but neither guarantees sustained gains. American Banking News article
• Negative Sentiment: Despite the earnings beat, one report noted AMC shares fell sharply after results, signaling a possible “sell-the-news” response. The company’s substantial debt burden and concerns about its deficit and growing share count remain risks that could temper optimism about its recovery. 24/7 Wall St. article 24/7 Wall St. analysis

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc is one of the world’s largest theatrical exhibition companies. Through its AMC Theatres and ODEON Cinemas Group brands, the company operates movie theaters that showcase new film releases and provide audiences with premium viewing experiences.

AMC’s theater offerings include standard and large-format screens, IMAX and Dolby Cinema experiences, reserved seating, mobile and online ticketing, and food and beverage services. The company also operates loyalty programs, including AMC Stubs, and offers subscription and membership products in select markets.

Founded in 1920, AMC serves moviegoers primarily in the United States and Europe.