AMC Networks (NASDAQ:AMCX) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.
Several other brokerages also recently issued reports on AMCX. TheStreet raised AMC Networks from a “c” rating to a “b-” rating in a research note on Thursday, December 21st. Zacks Investment Research downgraded AMC Networks from a “hold” rating to a “sell” rating in a research note on Friday, January 19th. ValuEngine downgraded AMC Networks from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Macquarie downgraded AMC Networks from an “outperform” rating to a “neutral” rating and set a $60.00 price target for the company. in a research note on Tuesday, January 2nd. Finally, Morgan Stanley raised their price target on AMC Networks from $55.00 to $57.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. AMC Networks presently has a consensus rating of “Hold” and a consensus price target of $59.55.
Shares of AMC Networks stock opened at $50.59 on Thursday. The stock has a market capitalization of $3,112.05, a P/E ratio of 6.98, a price-to-earnings-growth ratio of 0.86 and a beta of 0.79. The company has a debt-to-equity ratio of 19.07, a current ratio of 2.53 and a quick ratio of 2.53. AMC Networks has a 1 year low of $46.89 and a 1 year high of $67.44.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of AMC Networks by 46.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,172 shares of the company’s stock valued at $172,000 after acquiring an additional 1,008 shares during the last quarter. Brown Advisory Inc. acquired a new position in shares of AMC Networks during the 3rd quarter valued at about $203,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of AMC Networks by 71.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,686 shares of the company’s stock valued at $200,000 after acquiring an additional 1,537 shares during the last quarter. Parametrica Management Ltd acquired a new position in shares of AMC Networks during the 4th quarter valued at about $212,000. Finally, Capital Fund Management S.A. acquired a new position in shares of AMC Networks during the 4th quarter valued at about $229,000. 90.51% of the stock is owned by institutional investors.
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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.
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