AMC Entertainment (NYSE:AMC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, Zacks.com reports. The firm presently has a $10.00 price target on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 5.82% from the company’s current price.

According to Zacks, “AMC Entertainment Holdings, Inc., operates as a theatrical exhibition company primarily in the United States and internationally. It owned or interests in theatres and screens. AMC Entertainment Holdings, Inc. is based in Leawood, Kansas. “

Several other research firms have also commented on AMC. Benchmark reduced their target price on shares of AMC Entertainment from $20.00 to $17.00 and set a “buy” rating on the stock in a report on Monday, May 13th. Wedbush reissued an “outperform” rating and set a $22.00 price target on shares of Turtle Beach in a research report on Monday, April 29th. B. Riley set a $20.00 price target on shares of AMC Entertainment and gave the company a “buy” rating in a research report on Wednesday, June 26th. MKM Partners increased their price target on shares of Imax to $28.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Finally, TheStreet cut shares of USD Partners from a “b-” rating to a “c+” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $17.88.

Shares of AMC stock traded up $0.23 on Tuesday, hitting $9.45. 138,824 shares of the company’s stock traded hands, compared to its average volume of 1,761,857. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 7.43. AMC Entertainment has a one year low of $8.73 and a one year high of $21.45. The firm’s fifty day moving average is $10.78. The stock has a market cap of $958.22 million, a PE ratio of 72.69 and a beta of 0.86.

AMC Entertainment (NYSE:AMC) last released its earnings results on Thursday, May 9th. The company reported ($1.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.51) by ($0.74). AMC Entertainment had a negative net margin of 0.72% and a negative return on equity of 11.59%. The business had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the prior year, the business posted $0.14 EPS. AMC Entertainment’s revenue for the quarter was down 13.2% on a year-over-year basis. As a group, equities research analysts anticipate that AMC Entertainment will post -0.55 EPS for the current year.

In other news, Director Raymond C. Stachowiak purchased 160,559 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was acquired at an average price of $2.73 per share, with a total value of $438,326.07. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.

Large investors have recently bought and sold shares of the company. Captrust Financial Advisors purchased a new stake in shares of AMC Entertainment in the 4th quarter worth about $44,000. NumerixS Investment Technologies Inc purchased a new stake in shares of AMC Entertainment in the 4th quarter worth about $97,000. Oppenheimer Asset Management Inc. lifted its position in shares of AMC Entertainment by 14.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,990 shares of the company’s stock worth $104,000 after purchasing an additional 908 shares during the period. Legal & General Group Plc lifted its position in shares of AMC Entertainment by 16.0% in the 4th quarter. Legal & General Group Plc now owns 9,306 shares of the company’s stock worth $114,000 after purchasing an additional 1,287 shares during the period. Finally, Stifel Financial Corp purchased a new stake in shares of AMC Entertainment in the 4th quarter worth about $140,000. 49.08% of the stock is owned by hedge funds and other institutional investors.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2018, it owned, operated, or had interests in 637 theatres with a total of 8,114 screens in the United States; and 369 theatres and 2,977 screens in European markets.

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