AMC Networks (AMCX) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AMC Networks in the last twelve months. There are currently 1 sell rating and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" AMCX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AMCX, but not buy additional shares or sell existing shares.
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3 equities research analysts have issued twelve-month price objectives for AMC Networks' stock. Their AMCX share price forecasts range from $15.00 to $36.00. On average, they anticipate the company's stock price to reach $24.17 in the next twelve months. This suggests a possible upside of 104.3% from the stock's current price.
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AMC Networks' stock was trading at $15.67 at the start of the year. Since then, AMCX shares have decreased by 24.5% and is now trading at $11.83.
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AMC Networks saw a increase in short interest in May. As of May 15th, there was short interest totaling 1,310,000 shares, an increase of 21.3% from the April 30th total of 1,080,000 shares. Based on an average daily volume of 431,100 shares, the short-interest ratio is presently 3.0 days. Currently, 4.3% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 4th 2023.
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AMC Networks Inc. (NASDAQ:AMCX) announced its earnings results on Tuesday, May, 9th. The company reported $2.62 EPS for the quarter, topping the consensus estimate of $1.81 by $0.81. The company had revenue of $717.45 million for the quarter, compared to analysts' expectations of $700.77 million. AMC Networks had a net margin of 0.23% and a trailing twelve-month return on equity of 41.85%. AMC Networks's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.54 earnings per share.

ETFs with the largest weight of AMC Networks (NASDAQ:AMCX) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Invesco S&P SmallCap 600 Pure Value ETF (RZV), Roundhill Acquirers Deep Value ETF (DEEP), Syntax Stratified SmallCap ETF (SSLY), Invesco S&P SmallCap 600 Revenue ETF (RWJ), WisdomTree U.S. SmallCap Earnings Fund (EES), Schwab Fundamental U.S. Small Company Index ETF (FNDA) and Fidelity MSCI Communication Services Index ETF (FCOM).

9 employees have rated AMC Networks Chief Executive Officer Matt Blank on Glassdoor.com. Matt Blank has an approval rating of 85% among the company's employees. 75.0% of employees surveyed would recommend working at AMC Networks to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other AMC Networks investors own include AT&T (T), Verizon Communications (VZ), CVS Health (CVS), Netflix (NFLX), Walt Disney (DIS), General Motors (GM), Johnson & Johnson (JNJ), Pfizer (PFE) and Starbucks (SBUX).

AMC Networks trades on the NASDAQ under the ticker symbol "AMCX."

AMC Networks' stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (10.90%), Clearbridge Investments LLC (3.99%), LSV Asset Management (3.36%), Dimensional Fund Advisors LP (2.97%), State Street Corp (2.63%) and Charles Schwab Investment Management Inc. (2.02%). Insiders that own company stock include Christian B Wymbs, James Gallagher and Joshua W Sapan.
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Shares of AMCX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AMCX stock can currently be purchased for approximately $11.83.

AMC Networks (NASDAQ:AMCX) has a market capitalization of $508.81 million and generates $3.10 billion in revenue each year. The company earns $7.59 million in net income (profit) each year or $0.10 on an earnings per share basis.

The company employs 1,948 workers across the globe.

AMC Networks' mailing address is 11 PENN PLAZA, NEW YORK NY, 10001. The official website for the company is www.amcnetworks.com. The company can be reached via phone at (212) 324-8500, via email at ir@amcnetworks.com, or via fax at 302-636-5454.