AMC Networks Inc. (NASDAQ:AMCX) Given Average Recommendation of "Reduce" by Analysts

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.

AMC Networks Inc. (NASDAQ:AMCX - Get Free Report) has been given an average rating of "Reduce" by the five research firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a sell rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $5.3750.

AMCX has been the topic of several recent research reports. Wells Fargo & Company restated an "underweight" rating on shares of AMC Networks in a research report on Sunday, August 10th. JPMorgan Chase & Co. lowered their price objective on AMC Networks from $8.00 to $6.00 and set an "underweight" rating on the stock in a research report on Monday, May 12th. Wall Street Zen raised AMC Networks from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th. Finally, Morgan Stanley reduced their price objective on AMC Networks from $6.00 to $5.50 and set an "underweight" rating on the stock in a research note on Monday, May 12th.

Institutional Trading of AMC Networks

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its holdings in AMC Networks by 45.7% in the fourth quarter. Russell Investments Group Ltd. now owns 3,496 shares of the company's stock worth $35,000 after buying an additional 1,097 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of AMC Networks by 3.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 49,897 shares of the company's stock valued at $494,000 after purchasing an additional 1,589 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of AMC Networks by 10.8% during the first quarter. Hsbc Holdings PLC now owns 17,178 shares of the company's stock valued at $120,000 after purchasing an additional 1,674 shares during the last quarter. Man Group plc lifted its holdings in shares of AMC Networks by 6.7% during the second quarter. Man Group plc now owns 27,669 shares of the company's stock valued at $173,000 after purchasing an additional 1,735 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of AMC Networks by 50.4% during the second quarter. CWM LLC now owns 5,695 shares of the company's stock valued at $36,000 after purchasing an additional 1,909 shares during the last quarter. 78.51% of the stock is currently owned by hedge funds and other institutional investors.

AMC Networks Price Performance

AMC Networks stock opened at $7.10 on Friday. AMC Networks has a 12 month low of $5.41 and a 12 month high of $10.72. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 2.11. The business's 50 day simple moving average is $6.29 and its 200 day simple moving average is $6.69. The company has a market cap of $308.00 million, a price-to-earnings ratio of -1.62 and a beta of 1.38.

AMC Networks (NASDAQ:AMCX - Get Free Report) last posted its quarterly earnings data on Friday, August 8th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.54 by $0.15. AMC Networks had a positive return on equity of 15.73% and a negative net margin of 7.42%.The business had revenue of $600.02 million for the quarter, compared to the consensus estimate of $582.99 million. During the same quarter in the prior year, the business earned $1.24 earnings per share. AMC Networks's revenue for the quarter was down 4.1% on a year-over-year basis. AMC Networks has set its FY 2025 guidance at EPS. Sell-side analysts forecast that AMC Networks will post 2.62 EPS for the current year.

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.

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