AMC Networks (AMCX) Stock Price, News & Analysis

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AMC Networks in the last twelve months. There are currently 3 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "strong sell" AMCX shares.
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5 analysts have issued twelve-month target prices for AMC Networks' stock. Their AMCX share price targets range from $10.00 to $14.00. On average, they expect the company's share price to reach $11.75 in the next twelve months. This suggests a possible upside of 7.6% from the stock's current price.
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AMC Networks' stock was trading at $18.79 at the beginning of 2024. Since then, AMCX stock has decreased by 41.9% and is now trading at $10.92.
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AMC Networks saw a decline in short interest during the month of March. As of March 31st, there was short interest totaling 3,550,000 shares, a decline of 33.0% from the March 15th total of 5,300,000 shares. Based on an average daily volume of 650,100 shares, the days-to-cover ratio is currently 5.5 days. Currently, 11.7% of the shares of the stock are sold short.
View AMC Networks' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
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AMC Networks Inc. (NASDAQ:AMCX) announced its earnings results on Friday, February, 9th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.04. The company had revenue of $678.80 million for the quarter, compared to analyst estimates of $675.97 million. AMC Networks had a trailing twelve-month return on equity of 30.42% and a net margin of 7.95%. AMC Networks's revenue for the quarter was down 29.6% on a year-over-year basis. During the same quarter last year, the company posted $2.52 earnings per share.

ETFs with the largest weight of AMC Networks (NASDAQ:AMCX) stock in their portfolio include Invesco S&P SmallCap 600 Pure Value ETF (RZV).Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU).

AMC Networks updated its FY 2024 earnings guidance on Friday, February, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $2.4 billion-$2.4 billion, compared to the consensus revenue estimate of $2.6 billion.

9 employees have rated AMC Networks Chief Executive Officer Matt Blank on Glassdoor.com. Matt Blank has an approval rating of 85% among the company's employees. 75.0% of employees surveyed would recommend working at AMC Networks to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other AMC Networks investors own include AT&T (T), Verizon Communications (VZ), CVS Health (CVS), Netflix (NFLX), Walt Disney (DIS), General Motors (GM), Johnson & Johnson (JNJ), Pfizer (PFE) and Starbucks (SBUX).

AMC Networks' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.19%), DGS Capital Management LLC (0.06%) and Range Financial Group LLC (0.03%). Insiders that own company stock include James Gallagher, Joshua W Sapan, Kimberly Kelleher and Matthew Blank.
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Shares of AMCX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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