AMC Networks - AMCX Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for AMC Networks in the last twelve months. There are currently 2 sell ratings and 3 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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5 analysts have issued 1-year price targets for AMC Networks' shares. Their AMCX share price forecasts range from $27.00 to $42.00. On average, they predict the company's stock price to reach $33.38 in the next year. This suggests a possible upside of 64.8% from the stock's current price.
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AMC Networks' stock was trading at $34.44 at the beginning of 2022. Since then, AMCX stock has decreased by 41.2% and is now trading at $20.25.
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The company is scheduled to release its next quarterly earnings announcement on Friday, November 4th 2022.
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AMC Networks Inc. (NASDAQ:AMCX) posted 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. The business earned $738 million during the quarter, compared to analyst estimates of $777.93 million. AMC Networks had a trailing twelve-month return on equity of 36.11% and a net margin of 10.29%. AMC Networks's quarterly revenue was down 4.3% compared to the same quarter last year. During the same period last year, the firm posted $3.45 EPS.

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), TransEnterix (TRXC), 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 a number of institutional and retail investors. Top institutional shareholders include Clearbridge Investments LLC (8.00%), State Street Corp (2.61%), Contrarius Investment Management Ltd (1.63%), Goldman Sachs Group Inc. (1.43%), JPMorgan Chase & Co. (1.29%) and FMR LLC (1.23%). 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 $20.25.

AMC Networks (NASDAQ:AMCX) has a market capitalization of $858.11 million and generates $3.08 billion in revenue each year. The company earns $250.60 million in net income (profit) each year or $7.23 on an earnings per share basis.

The company employs 2,026 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.