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.

Analysts Set New Price Targets

A number of analysts have commented on AMCX shares. Moffett Nathanson decreased their price objective on AMC Networks to $30.00 in a report on Friday, July 22nd. Morgan Stanley cut their target price on AMC Networks from $35.00 to $33.00 in a research note on Monday, August 8th. The Goldman Sachs Group dropped their target price on AMC Networks from $39.00 to $34.00 and set a "neutral" rating for the company in a research report on Tuesday, July 26th. StockNews.com cut AMC Networks from a "buy" rating to a "hold" rating in a research note on Friday, July 1st. Finally, Guggenheim decreased their price target on AMC Networks from $44.00 to $35.00 in a research note on Friday, May 6th. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $33.29.

AMC Networks Trading Up 1.8 %

Shares of AMCX Stock traded up $0.55 on Monday, reaching $31.03. 8,044 shares of the company's stock were exchanged, compared to its average volume of 424,137. AMC Networks has a 52 week low of $27.36 and a 52 week high of $54.35. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 2.75. The stock has a market capitalization of $1.31 billion, a PE ratio of 4.22 and a beta of 1.03. The company's fifty day simple moving average is $30.66 and its 200 day simple moving average is $36.01.

AMC Networks (NASDAQ:AMCX - Get Rating) last announced its quarterly earnings results on Friday, August 5th. The company reported $2.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.98 by $0.08. AMC Networks had a return on equity of 36.11% and a net margin of 10.29%. The business had revenue of $738.00 million for the quarter, compared to the consensus estimate of $777.93 million. During the same period last year, the business posted $3.45 EPS. The business's revenue was down 4.3% compared to the same quarter last year. As a group, analysts forecast that AMC Networks will post 8.07 EPS for the current year.