AMC Entertainment (NYSE:AMC) Stock Rating Upgraded by Wedbush

AMC Entertainment (NYSE:AMC - Get Free Report) was upgraded by equities researchers at Wedbush from a "neutral" rating to an "outperform" rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm presently has a $4.00 price objective on the stock, up from their prior price objective of $3.00. Wedbush's target price would indicate a potential upside of 19.40% from the stock's current price.

Other equities analysts have also recently issued research reports about the stock. Citigroup reiterated a "sell" rating and issued a $2.60 target price (up previously from $2.30) on shares of AMC Entertainment in a research report on Thursday, May 29th. B. Riley assumed coverage on shares of AMC Entertainment in a research report on Friday, May 16th. They issued a "neutral" rating and a $3.00 target price on the stock. Finally, Roth Mkm decreased their target price on shares of AMC Entertainment from $3.25 to $3.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 16th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, AMC Entertainment has an average rating of "Hold" and a consensus price target of $4.26.

AMC Entertainment Trading Up 11.7%

Shares of AMC Entertainment stock traded up $0.35 on Friday, hitting $3.35. 34,651,884 shares of the company traded hands, compared to its average volume of 11,306,000. The firm's 50-day simple moving average is $3.08 and its 200 day simple moving average is $3.15. The company has a market cap of $1.45 billion, a P/E ratio of -3.42 and a beta of 1.43. AMC Entertainment has a 12-month low of $2.45 and a 12-month high of $5.76.

AMC Entertainment (NYSE:AMC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported ($0.58) earnings per share for the quarter, beating the consensus estimate of ($0.61) by $0.03. The company had revenue of $862.50 million for the quarter, compared to analysts' expectations of $983.23 million. The business's quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.62) EPS. Analysts predict that AMC Entertainment will post -1.38 earnings per share for the current year.

Institutional Investors Weigh In On AMC Entertainment

Large investors have recently added to or reduced their stakes in the company. Legacy Financial Strategies LLC bought a new stake in AMC Entertainment in the 1st quarter worth $29,000. Ground Swell Capital LLC bought a new stake in AMC Entertainment in the 1st quarter worth $30,000. Sowell Financial Services LLC bought a new stake in AMC Entertainment in the 1st quarter worth $36,000. Sterling Capital Management LLC grew its holdings in AMC Entertainment by 831.5% in the 4th quarter. Sterling Capital Management LLC now owns 10,843 shares of the company's stock worth $43,000 after acquiring an additional 9,679 shares during the last quarter. Finally, Abacus Planning Group Inc. bought a new stake in AMC Entertainment in the 1st quarter worth $47,000. Institutional investors own 28.80% of the company's stock.

About AMC Entertainment

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.