AMC Networks Inc. (NASDAQ:AMCX) Receives $5.38 Average Target Price from Brokerages

Key Points

• AMC Networks Inc. has received an average analyst rating of "Reduce", with four analysts giving a sell rating and only one rating it a strong buy.
• The stock's average one-year price target from analysts is $5.3750, and it has recently experienced significant price adjustments by firms like JPMorgan Chase and Morgan Stanley.
• AMC reported earnings of $0.69 per share for the last quarter, surpassing estimates, while its revenue decreased 4.1% year-over-year.

Shares of AMC Networks Inc. (NASDAQ:AMCX - Get Free Report) have been assigned a consensus recommendation of "Reduce" from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $5.3750.

A number of research firms recently commented on AMCX. Morgan Stanley decreased their price objective on shares of AMC Networks from $6.00 to $5.50 and set an "underweight" rating for the company in a research note on Monday, May 12th. JPMorgan Chase & Co. decreased their price objective on shares of AMC Networks from $8.00 to $6.00 and set an "underweight" rating for the company in a research note on Monday, May 12th. Wells Fargo & Company reaffirmed an "underweight" rating on shares of AMC Networks in a research note on Sunday, August 10th. Finally, Wall Street Zen raised AMC Networks from a "hold" rating to a "buy" rating in a research report on Tuesday, May 13th.

AMC Networks Trading Up 1.0%

Shares of AMC Networks stock traded up $0.07 on Friday, reaching $7.06. 343,815 shares of the company were exchanged, compared to its average volume of 838,572. The stock has a fifty day moving average price of $6.37 and a 200-day moving average price of $6.63. The firm has a market capitalization of $306.26 million, a price-to-earnings ratio of -1.62 and a beta of 1.38. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 2.11. AMC Networks has a fifty-two week low of $5.41 and a fifty-two week high of $10.63.

AMC Networks (NASDAQ:AMCX - Get Free Report) last announced its earnings results on Friday, August 8th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.54 by $0.15. The company had revenue of $600.02 million for the quarter, compared to analyst estimates of $582.99 million. AMC Networks had a positive return on equity of 15.73% and a negative net margin of 7.42%.AMC Networks's revenue for the quarter was down 4.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.24 earnings per share. AMC Networks has set its FY 2025 guidance at EPS. On average, analysts expect that AMC Networks will post 2.62 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. raised its position in AMC Networks by 45.7% during the fourth quarter. Russell Investments Group Ltd. now owns 3,496 shares of the company's stock valued at $35,000 after buying an additional 1,097 shares during the period. Raymond James Financial Inc. acquired a new position in AMC Networks during the second quarter valued at $25,000. Nisa Investment Advisors LLC acquired a new position in AMC Networks during the second quarter valued at $26,000. Quantbot Technologies LP acquired a new position in AMC Networks during the first quarter valued at $31,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in AMC Networks by 133.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,786 shares of the company's stock valued at $30,000 after buying an additional 2,735 shares during the period. 78.51% of the stock is owned by institutional investors and hedge funds.

AMC Networks Company Profile

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.