A number of other equities analysts have also recently weighed in on the stock. Sanford C. Bernstein restated a market perform rating on shares of AMC Networks in a research report on Tuesday, September 12th. Cowen reiterated a hold rating and issued a $53.00 target price on shares of AMC Networks in a research report on Thursday, September 21st. Wells Fargo & Company initiated coverage on shares of AMC Networks in a research report on Tuesday, October 10th. They issued an outperform rating and a $72.00 target price for the company. Guggenheim cut shares of AMC Networks from a buy rating to a neutral rating in a research report on Thursday, October 12th. Finally, Morgan Stanley reduced their target price on shares of AMC Networks from $60.00 to $55.00 and set an equal weight rating for the company in a research report on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $60.58.
AMC Networks (NASDAQ AMCX) traded up $1.32 on Tuesday, hitting $52.86. 1,146,136 shares of the company traded hands, compared to its average volume of 882,976. The company has a debt-to-equity ratio of 37.53, a quick ratio of 2.57 and a current ratio of 2.57. AMC Networks has a 1 year low of $46.89 and a 1 year high of $67.61. The firm has a market cap of $3,270.08, a PE ratio of 7.59, a P/E/G ratio of 0.99 and a beta of 1.10.
A number of hedge funds have recently made changes to their positions in the business. Advisor Group Inc. boosted its stake in shares of AMC Networks by 24.4% in the second quarter. Advisor Group Inc. now owns 2,111 shares of the company’s stock valued at $112,000 after purchasing an additional 414 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of AMC Networks by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock valued at $116,000 after purchasing an additional 181 shares during the period. Americafirst Capital Management LLC purchased a new position in shares of AMC Networks in the second quarter valued at approximately $153,000. Riverhead Capital Management LLC boosted its stake in shares of AMC Networks by 69.9% in the second quarter. Riverhead Capital Management LLC now owns 3,228 shares of the company’s stock valued at $172,000 after purchasing an additional 1,328 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of AMC Networks by 2.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock valued at $175,000 after purchasing an additional 88 shares during the period. 86.95% of the stock is owned by institutional investors.
TRADEMARK VIOLATION WARNING: “AMC Networks (NASDAQ:AMCX) Rating Lowered to C at TheStreet” was originally reported by BBNS and is owned by of BBNS. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://baseballnewssource.com/markets/amc-networks-inc-amcx-downgraded-to-c-at-thestreet/1782478.html.
About AMC Networks
AMC Networks Inc is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.
Receive News & Ratings for AMC Networks Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Networks Inc. and related companies with our FREE daily email newsletter.