AMC Networks Inc. (NASDAQ:AMCX) Given Average Rating of “Strong Sell” by Analysts

Shares of AMC Networks Inc. (NASDAQ:AMCX) have earned an average recommendation of “Strong Sell” from the five analysts that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $10.3333.

Several research analysts have commented on the company. Weiss Ratings downgraded AMC Networks from a “hold (c-)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. Morgan Stanley boosted their target price on shares of AMC Networks from $7.00 to $10.00 and gave the stock an “underweight” rating in a research report on Friday, July 31st. Wells Fargo & Company upped their target price on shares of AMC Networks from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Friday, July 31st. UBS Group raised their price target on shares of AMC Networks from $6.00 to $10.00 and gave the stock a “sell” rating in a research report on Wednesday, August 12th. Finally, Zacks Research downgraded shares of AMC Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday.

Hedge Funds Weigh In On AMC Networks

Several large investors have recently added to or reduced their stakes in AMCX. Integrated Wealth Concepts LLC acquired a new stake in shares of AMC Networks during the 2nd quarter worth approximately $33,000. Raymond James Financial Inc. acquired a new position in shares of AMC Networks in the second quarter valued at $25,000. California State Teachers Retirement System lifted its position in AMC Networks by 158.3% in the second quarter. California State Teachers Retirement System now owns 4,311 shares of the company’s stock worth $432,000 after purchasing an additional 2,642 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in AMC Networks by 133.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,786 shares of the company’s stock worth $30,000 after buying an additional 2,735 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in AMC Networks during the third quarter worth $43,000. Institutional investors and hedge funds own 78.51% of the company’s stock.

AMC Networks Stock Up 0.8%

AMCX stock opened at $12.17 on Friday. The company has a debt-to-equity ratio of 1.76, a current ratio of 1.76 and a quick ratio of 1.76. AMC Networks has a 52-week low of $6.47 and a 52-week high of $12.93. The company has a 50-day moving average of $11.38 and a two-hundred day moving average of $9.49. The stock has a market capitalization of $502.01 million, a price-to-earnings ratio of -14.84 and a beta of 1.35.

AMC Networks (NASDAQ:AMCX) last posted its quarterly earnings data on Thursday, July 30th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.16). AMC Networks had a positive return on equity of 3.76% and a negative net margin of 0.88%.The business had revenue of $547.50 million during the quarter, compared to the consensus estimate of $555.74 million. During the same quarter in the previous year, the firm posted $0.69 earnings per share. The company’s revenue for the quarter was down 8.8% on a year-over-year basis. As a group, equities research analysts anticipate that AMC Networks will post 2.42 EPS for the current year.

AMC Networks Company Profile

AMC Networks Inc (NASDAQ: AMCX) is a global entertainment company that specializes in the development, production and distribution of premium content for television and streaming platforms. Headquartered in New York City, the company operates a portfolio of pay television channels in the U.S. and abroad, and offers direct-to-consumer streaming services that feature both original programming and licensed fare. AMC Networks is best known for critically acclaimed series such as “Breaking Bad,” “Mad Men” and “The Walking Dead,” and it continues to invest in new scripted and unscripted content across a range of genres.

The company’s core television networks in the United States include AMC, IFC, Sundance TV and WE tv, while its joint venture with BBC Studios supports BBC America.