AMC Networks - AMCX Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for AMC Networks in the last year. There are currently 2 sell ratings and 3 hold ratings for the stock. The consensus among Wall Street equities research 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 12-month price targets for AMC Networks' shares. Their AMCX share price forecasts range from $10.00 to $42.00. On average, they expect the company's stock price to reach $27.44 in the next twelve months. This suggests a possible upside of 52.6% from the stock's current price.
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AMC Networks' stock was trading at $34.44 at the beginning of the year. Since then, AMCX shares have decreased by 47.8% and is now trading at $17.99.
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AMC Networks saw a decrease in short interest during the month of November. As of November 15th, there was short interest totaling 1,120,000 shares, a decrease of 15.8% from the October 31st total of 1,330,000 shares. Based on an average daily volume of 407,400 shares, the days-to-cover ratio is presently 2.7 days. Approximately 4.0% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
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AMC Networks Inc. (NASDAQ:AMCX) announced its quarterly earnings data on Friday, November, 5th. The company reported $2.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $1.57. The firm had revenue of $810.80 million for the quarter, compared to the consensus estimate of $703.89 million. AMC Networks had a net margin of 9.86% and a trailing twelve-month return on equity of 32.06%. The company's revenue was up 24.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.32 earnings per share.

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 variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (10.70%), Vanguard Group Inc. (7.35%), LSV Asset Management (3.90%), Dimensional Fund Advisors LP (3.36%), State Street Corp (2.49%) and Contrarius Investment Management Ltd (2.07%). 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 $17.99.

AMC Networks (NASDAQ:AMCX) has a market capitalization of $773.21 million and generates $3.08 billion in revenue each year. The company earns $250.60 million in net income (profit) each year or $6.62 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.