AMC Entertainment (NYSE:AMC) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• AMC Entertainment's stock rating was upgraded from a "strong sell" to a "hold" by Wall Street Zen, reflecting changing investor sentiment.
• Other analysts have also raised their ratings, with Wedbush upgrading AMC's status from "neutral" to "outperform" and raising the price target to $4.00.
• AMC's stock currently has an average rating of "Hold" with a consensus target price of $3.31, amidst significant activity from hedge funds altering their positions in the company.

Wall Street Zen upgraded shares of AMC Entertainment (NYSE:AMC - Free Report) from a strong sell rating to a hold rating in a research note published on Saturday.

Several other equities research analysts have also recently weighed in on AMC. Wedbush raised shares of AMC Entertainment from a "neutral" rating to an "outperform" rating and upped their price target for the stock from $3.00 to $4.00 in a research report on Friday, July 11th. B. Riley initiated coverage on shares of AMC Entertainment in a research report on Friday, May 16th. They issued a "neutral" rating and a $3.00 price target for the company. Finally, Citigroup reaffirmed a "sell" rating and issued a $2.60 price target (up previously from $2.30) on shares of AMC Entertainment in a research report on Thursday, May 29th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $3.33.

AMC Entertainment Trading Down 0.9%

Shares of AMC traded down $0.0250 during mid-day trading on Friday, hitting $2.8350. The company's stock had a trading volume of 6,765,302 shares, compared to its average volume of 12,036,855. The company's 50-day moving average is $3.06 and its 200-day moving average is $3.05. AMC Entertainment has a 52-week low of $2.45 and a 52-week high of $5.56. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -3.19 and a beta of 1.49.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of AMC. Legacy Financial Strategies LLC acquired a new position in AMC Entertainment during the 1st quarter valued at approximately $29,000. Ground Swell Capital LLC acquired a new position in AMC Entertainment during the 1st quarter valued at approximately $30,000. Sovereign Financial Group Inc. acquired a new position in AMC Entertainment during the 2nd quarter valued at approximately $32,000. CFO4Life Group LLC acquired a new position in AMC Entertainment during the 2nd quarter valued at approximately $33,000. Finally, May Hill Capital LLC acquired a new position in AMC Entertainment during the 2nd quarter valued at approximately $34,000. Institutional investors and hedge funds own 28.80% of the company's stock.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.