AMC Networks - AMCX Stock Forecast, Price & News

AMC Networks Inc., an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, Domestic Operations, and International and Other. The Domestic Operations segment operates various national programming networks, including the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV; provides subscription streaming services comprising Acorn TV, Shudder, Sundance Now, ALLBLK, and HIDIVE, as well as AMC+ and other streaming initiatives; and engages in film distribution business under the IFC Films name. This segment also produces and licenses original programming for various programming networks, as well as services the national programming networks. The International and Other segment operates a portfolio of channels under the AMCNI name; and production and comedy venues activities under the Levity name. AMC Networks Inc. was founded in 1980 and is headquartered in New York, New York.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AMCX shares. Guggenheim decreased their price target on shares of AMC Networks from $44.00 to $35.00 in a report on Friday, May 6th. StockNews.com cut AMC Networks from a "buy" rating to a "hold" rating in a report on Friday, July 1st. The Goldman Sachs Group cut their price objective on AMC Networks from $39.00 to $34.00 and set a "neutral" rating for the company in a report on Tuesday, July 26th. Moffett Nathanson decreased their price objective on shares of AMC Networks to $30.00 in a research report on Friday, July 22nd. Finally, Morgan Stanley dropped their target price on shares of AMC Networks from $35.00 to $33.00 in a research report on Monday. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $33.29.

AMC Networks Price Performance

NASDAQ:AMCX traded down $0.20 during mid-day trading on Tuesday, reaching $30.03. The stock had a trading volume of 1,430 shares, compared to its average volume of 229,044. The stock has a market capitalization of $1.27 billion, a P/E ratio of 4.18 and a beta of 1.03. The firm has a 50 day moving average price of $31.30 and a two-hundred day moving average price of $36.24. The company has a debt-to-equity ratio of 2.86, a quick ratio of 1.89 and a current ratio of 1.89. AMC Networks has a one year low of $27.36 and a one year high of $56.04.

AMC Networks (NASDAQ:AMCX - Get Rating) last posted its quarterly earnings results on Friday, August 5th. The company reported $2.06 EPS for the quarter, topping the consensus estimate of $1.98 by $0.08. The firm had revenue of $738.00 million for the quarter, compared to the consensus estimate of $777.93 million. AMC Networks had a net margin of 10.29% and a return on equity of 37.00%. The business's revenue was down 4.3% compared to the same quarter last year. During the same period last year, the firm posted $3.45 earnings per share. As a group, analysts expect that AMC Networks will post 8.23 earnings per share for the current year.