Somewhat Positive Media Coverage Somewhat Unlikely to Impact AMC Networks (AMCX) Stock Price

News stories about AMC Networks (NASDAQ:AMCX) have trended somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AMC Networks earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.084715128792 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

Several research firms have recently issued reports on AMCX. Moffett Nathanson raised AMC Networks from a “sell” rating to a “neutral” rating in a research report on Tuesday, February 20th. ValuEngine cut AMC Networks from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. BidaskClub cut AMC Networks from a “hold” rating to a “sell” rating in a research report on Thursday, April 12th. Cowen reaffirmed a “hold” rating and set a $63.00 price objective on shares of AMC Networks in a research report on Monday, February 5th. Finally, Wells Fargo & Co upped their target price on AMC Networks from $46.89 to $67.44 and gave the company an “outperform” rating in a research report on Friday, May 11th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $60.13.

Shares of AMC Networks opened at $58.43 on Friday, according to Marketbeat. The stock has a market capitalization of $3.32 billion, a P/E ratio of 7.93, a PEG ratio of 0.92 and a beta of 0.79. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 11.97. AMC Networks has a 52-week low of $46.89 and a 52-week high of $67.44.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Thursday, May 10th. The company reported $2.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.18 by $0.47. The firm had revenue of $741.00 million during the quarter, compared to analysts’ expectations of $720.56 million. AMC Networks had a return on equity of 355.26% and a net margin of 17.41%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.10 EPS. research analysts forecast that AMC Networks will post 8.19 earnings per share for the current fiscal year.

In other AMC Networks news, EVP James Gallagher sold 4,000 shares of the stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $57.51, for a total transaction of $230,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 20.97% of the stock is currently owned by company insiders.

About AMC Networks

AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

Insider Buying and Selling by Quarter for AMC Networks (NASDAQ:AMCX)

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