BidaskClub Downgrades AMC Networks (AMCX) to Sell

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.

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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.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Thursday, March 1st. The company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.19. The firm had revenue of $726.93 million during the quarter, compared to the consensus estimate of $730.82 million. AMC Networks had a return on equity of 531.46% and a net margin of 16.80%. The business’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the business earned $1.30 EPS. research analysts forecast that AMC Networks will post 8.13 earnings per share for the current year.

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.

Analyst Recommendations for AMC Networks (NASDAQ:AMCX)

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