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

Shares of AMC Networks Inc. (NASDAQ:AMCX) have been assigned an average rating of “Strong Sell” from the six analysts that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $7.00.

Several research analysts have commented on AMCX shares. Weiss Ratings restated a “sell (d)” rating on shares of AMC Networks in a research report on Wednesday, January 21st. Zacks Research raised AMC Networks from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Morgan Stanley raised their target price on shares of AMC Networks from $5.50 to $6.00 and gave the company an “underweight” rating in a report on Thursday, December 18th. Wells Fargo & Company lifted their price target on AMC Networks from $8.00 to $10.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Seaport Research Partners lowered shares of AMC Networks from a “strong-buy” rating to a “hold” rating in a research note on Sunday, December 14th.

AMC Networks Stock Up 3.0%

Shares of AMCX opened at $7.55 on Friday. The business’s 50 day moving average is $8.71 and its 200 day moving average is $8.00. The company has a current ratio of 1.67, a quick ratio of 2.12 and a debt-to-equity ratio of 1.72. AMC Networks has a 12-month low of $5.41 and a 12-month high of $10.27. The company has a market capitalization of $328.65 million, a PE ratio of 5.51 and a beta of 1.12.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.14. AMC Networks had a net margin of 3.87% and a return on equity of 11.32%. The business had revenue of $594.80 million during the quarter, compared to analyst estimates of $581.83 million. During the same period last year, the firm posted $0.64 EPS. The company’s revenue was down .8% on a year-over-year basis. Research analysts expect that AMC Networks will post 2.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AMC Networks

Hedge funds and other institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in shares of AMC Networks in the second quarter valued at about $25,000. Nisa Investment Advisors LLC purchased a new position in AMC Networks during the 2nd quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of AMC Networks by 133.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,786 shares of the company’s stock valued at $30,000 after purchasing an additional 2,735 shares in the last quarter. CWM LLC lifted its position in shares of AMC Networks by 50.4% in the 2nd quarter. CWM LLC now owns 5,695 shares of the company’s stock worth $36,000 after purchasing an additional 1,909 shares during the period. Finally, Advisory Services Network LLC purchased a new stake in AMC Networks during the third quarter worth $43,000. Institutional investors own 78.51% of the company’s stock.

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.