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 equities analysts recently weighed in on the company. Guggenheim lowered their target price on AMC Networks from $44.00 to $35.00 in a research report on Friday, May 6th. Wells Fargo & Company cut their price objective on AMC Networks from $32.00 to $27.00 and set a "market underperform" rating for the company in a research note on Monday. Moffett Nathanson decreased their target price on shares of AMC Networks to $30.00 in a research note on Friday, July 22nd. The Goldman Sachs Group lowered their price target on shares of AMC Networks from $39.00 to $34.00 and set a "neutral" rating on the stock in a report on Tuesday, July 26th. Finally, Morgan Stanley decreased their price objective on shares of AMC Networks from $40.00 to $35.00 in a research report on Monday, July 18th. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $33.57.

AMC Networks Stock Performance

Shares of NASDAQ:AMCX traded up $1.35 during midday trading on Monday, reaching $30.28. The company had a trading volume of 9,776 shares, compared to its average volume of 425,684. The business's 50-day simple moving average is $31.49 and its 200 day simple moving average is $36.28. AMC Networks has a 1 year low of $27.36 and a 1 year high of $56.04. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 2.86. The stock has a market cap of $1.28 billion, a P/E ratio of 4.20 and a beta of 1.03.

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