AMC Networks Inc. (NASDAQ:AMCX) Receives $11.75 Consensus Price Target from Brokerages

AMC Networks Inc. (NASDAQ:AMCX - Get Free Report) has received a consensus rating of "Strong Sell" from the five research firms that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a sell rating and two have issued a hold rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $11.75.

AMCX has been the subject of several recent research reports. TheStreet raised AMC Networks from a "d+" rating to a "c-" rating in a research note on Tuesday, February 13th. Morgan Stanley decreased their target price on shares of AMC Networks from $12.00 to $11.00 and set an "underweight" rating for the company in a research report on Monday, February 12th. Finally, StockNews.com downgraded shares of AMC Networks from a "buy" rating to a "hold" rating in a research report on Saturday, February 17th.

Hedge Funds Weigh In On AMC Networks

Large investors have recently modified their holdings of the company. Signaturefd LLC lifted its holdings in shares of AMC Networks by 206.2% in the 3rd quarter. Signaturefd LLC now owns 2,364 shares of the company's stock worth $28,000 after purchasing an additional 1,592 shares in the last quarter. GAMMA Investing LLC bought a new position in AMC Networks during the 4th quarter valued at $33,000. Public Employees Retirement System of Ohio lifted its stake in AMC Networks by 20.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 4,394 shares of the company's stock valued at $52,000 after acquiring an additional 737 shares in the last quarter. EMC Capital Management increased its position in shares of AMC Networks by 270.1% during the 3rd quarter. EMC Capital Management now owns 6,292 shares of the company's stock valued at $74,000 after purchasing an additional 4,592 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of AMC Networks by 70.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,887 shares of the company's stock valued at $81,000 after purchasing an additional 2,849 shares during the last quarter. 78.51% of the stock is currently owned by institutional investors.

AMC Networks Trading Down 0.6 %

Shares of AMC Networks stock traded down $0.07 on Wednesday, hitting $11.50. The stock had a trading volume of 316,797 shares, compared to its average volume of 609,544. The stock has a 50 day moving average of $12.11 and a 200 day moving average of $14.69. AMC Networks has a twelve month low of $9.87 and a twelve month high of $20.97. The company has a debt-to-equity ratio of 2.14, a quick ratio of 1.72 and a current ratio of 1.72. The firm has a market capitalization of $500.94 million, a P/E ratio of 2.35 and a beta of 1.21.

AMC Networks (NASDAQ:AMCX - Get Free Report) last released its quarterly earnings data on Friday, February 9th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.04. AMC Networks had a return on equity of 30.42% and a net margin of 7.95%. The company had revenue of $678.80 million during the quarter, compared to the consensus estimate of $675.97 million. During the same quarter in the prior year, the firm posted $2.52 earnings per share. The firm's revenue was down 29.6% compared to the same quarter last year. Sell-side analysts expect that AMC Networks will post 5.7 earnings per share for the current fiscal year.

About AMC Networks

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.