AMC Networks Inc. (NASDAQ:AMCX) had its price objective cut by stock analysts at Morgan Stanley from $60.00 to $55.00 in a research note issued to investors on Tuesday. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective indicates a potential upside of 6.86% from the stock’s current price.

A number of other brokerages have also issued reports on AMCX. Jefferies Group LLC reiterated a “hold” rating and set a $60.00 target price on shares of AMC Networks in a research report on Monday, July 10th. Zacks Investment Research upgraded shares of AMC Networks from a “hold” rating to a “buy” rating and set a $63.00 target price on the stock in a research report on Thursday, July 13th. Loop Capital reduced their target price on shares of AMC Networks from $61.00 to $60.00 and set a “hold” rating on the stock in a research report on Thursday, October 19th. BidaskClub upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Finally, TheStreet upgraded shares of AMC Networks from a “c” rating to a “b-” rating in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. AMC Networks has an average rating of “Hold” and an average target price of $59.00.

Shares of AMC Networks (NASDAQ AMCX) opened at 51.47 on Tuesday. AMC Networks has a one year low of $46.17 and a one year high of $67.61. The company’s 50-day moving average price is $56.83 and its 200 day moving average price is $57.33. The company has a market cap of $3.27 billion, a PE ratio of 11.25 and a beta of 1.06.

AMC Networks (NASDAQ:AMCX) last announced its earnings results on Thursday, August 3rd. The company reported $1.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.41 by $0.47. AMC Networks had a net margin of 11.40% and a return on equity of 683.16%. The company had revenue of $710.55 million for the quarter, compared to analyst estimates of $715.23 million. During the same period in the prior year, the business earned $1.15 earnings per share. AMC Networks’s quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts forecast that AMC Networks will post $6.64 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the business. World Asset Management Inc raised its holdings in AMC Networks by 0.3% in the second quarter. World Asset Management Inc now owns 3,972 shares of the company’s stock worth $212,000 after purchasing an additional 12 shares during the period. PNC Financial Services Group Inc. raised its holdings in AMC Networks by 2.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,274 shares of the company’s stock worth $175,000 after purchasing an additional 88 shares during the period. Wrapmanager Inc. raised its holdings in AMC Networks by 3.2% in the second quarter. Wrapmanager Inc. now owns 4,102 shares of the company’s stock worth $219,000 after purchasing an additional 128 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in AMC Networks by 9.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,164 shares of the company’s stock worth $116,000 after purchasing an additional 181 shares during the period. Finally, Louisiana State Employees Retirement System raised its holdings in AMC Networks by 1.4% in the second quarter. Louisiana State Employees Retirement System now owns 14,400 shares of the company’s stock worth $769,000 after purchasing an additional 200 shares during the period. Institutional investors own 85.06% of the company’s stock.

AMC Networks Company Profile

AMC Networks Inc is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada.

Analyst Recommendations for AMC Networks (NASDAQ:AMCX)

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