AMC NETWORKS INC Common Stock (NASDAQ:AMCX) has been assigned an average recommendation of “Hold” from the nineteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $61.80.

A number of research firms have recently weighed in on AMCX. Sanford C. Bernstein downgraded shares of AMC NETWORKS INC Common Stock from a “market perform” rating to an “underperform” rating in a research report on Thursday, June 21st. BidaskClub raised shares of AMC NETWORKS INC Common Stock from a “hold” rating to a “buy” rating in a research report on Monday, June 18th. Goldman Sachs Group downgraded shares of AMC NETWORKS INC Common Stock from a “buy” rating to a “neutral” rating and set a $73.00 target price on the stock. in a research report on Tuesday, June 26th. They noted that the move was a valuation call. Guggenheim reaffirmed a “hold” rating and issued a $58.00 target price on shares of AMC NETWORKS INC Common Stock in a research report on Friday, July 13th. Finally, ValuEngine downgraded shares of AMC NETWORKS INC Common Stock from a “hold” rating to a “sell” rating in a research report on Wednesday.

Shares of NASDAQ:AMCX traded down $0.60 during midday trading on Friday, reaching $61.55. The company’s stock had a trading volume of 698,539 shares, compared to its average volume of 519,617. The company has a market capitalization of $3.54 billion, a PE ratio of 7.80, a P/E/G ratio of 1.02 and a beta of 0.82. The company has a debt-to-equity ratio of 11.97, a current ratio of 2.64 and a quick ratio of 2.64. AMC NETWORKS INC Common Stock has a 12-month low of $46.89 and a 12-month high of $69.02.

AMC NETWORKS INC Common Stock (NASDAQ:AMCX) last released its earnings results on Thursday, May 10th. The company reported $2.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.47. The firm had revenue of $741.00 million for the quarter, compared to the consensus estimate of $720.56 million. AMC NETWORKS INC Common Stock had a net margin of 17.41% and a return on equity of 355.26%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.10 EPS. equities analysts anticipate that AMC NETWORKS INC Common Stock will post 8.39 EPS for the current fiscal year.

In related news, COO Edward A. Carroll sold 11,700 shares of the company’s stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $66.72, for a total value of $780,624.00. Following the transaction, the chief operating officer now owns 42,868 shares in the company, valued at approximately $2,860,152.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP James Gallagher sold 4,000 shares of the company’s stock in a transaction dated Thursday, May 17th. The stock was sold at an average price of $57.51, for a total transaction of $230,040.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,000 shares of company stock worth $1,164,787. 20.97% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. LSV Asset Management boosted its stake in AMC NETWORKS INC Common Stock by 18.5% in the 1st quarter. LSV Asset Management now owns 1,899,380 shares of the company’s stock worth $98,197,000 after purchasing an additional 297,197 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in AMC NETWORKS INC Common Stock by 20.6% during the 4th quarter. TIAA CREF Investment Management LLC now owns 1,032,230 shares of the company’s stock valued at $55,823,000 after acquiring an additional 176,089 shares during the period. Dimensional Fund Advisors LP lifted its stake in AMC NETWORKS INC Common Stock by 32.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 567,798 shares of the company’s stock valued at $29,355,000 after acquiring an additional 139,992 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in AMC NETWORKS INC Common Stock by 9.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 407,308 shares of the company’s stock valued at $21,058,000 after acquiring an additional 36,012 shares during the period. Finally, Bank of Montreal Can lifted its stake in AMC NETWORKS INC Common Stock by 14.8% during the 2nd quarter. Bank of Montreal Can now owns 362,243 shares of the company’s stock valued at $22,531,000 after acquiring an additional 46,677 shares during the period. Institutional investors own 87.55% of the company’s stock.

About AMC NETWORKS INC Common Stock

AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

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Analyst Recommendations for AMC NETWORKS INC Common Stock (NASDAQ:AMCX)

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