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AMC Networks Inc. (NASDAQ:AMCX) Receives Common Score of "Maintain" from Brokerages – MarketBeat

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AMC Networks Inc. (NASDAQ:AMCX) has been given a mean advice of “Maintain” by the fourteen analysts which can be masking the corporate, MarketBeat Rankings reviews. Three analysts have rated the inventory with a promote ranking, 5 have given a maintain ranking and two have issued a purchase ranking on the corporate. The common 1 yr worth goal amongst analysts which have issued rankings on the inventory within the final yr is $40.17.

AMCX has been the subject of a number of latest analyst reviews. Morgan Stanley elevated their worth goal on shares of AMC Networks from $50.00 to $55.00 and gave the corporate an “equal weight” ranking in a report on Wednesday, March third. Royal Financial institution of Canada lifted their goal worth on shares of AMC Networks from $33.00 to $90.00 and gave the corporate an “outperform” ranking in a analysis report on Tuesday, March 2nd. Zacks Funding Analysis upgraded shares of AMC Networks from a “promote” ranking to a “maintain” ranking in a analysis report on Wednesday, March third. Moffett Nathanson lifted their goal worth on shares of AMC Networks from $29.00 to $48.00 in a analysis report on Friday, January fifteenth. Lastly, Macquarie lowered shares of AMC Networks from an “outperform” ranking to a “impartial” ranking and set a $45.00 goal worth on the inventory. in a analysis report on Thursday, January twenty eighth. They famous that the transfer was a valuation name.

In associated information, EVP James Gallagher offered 5,000 shares of the corporate’s inventory in a transaction that occurred on Wednesday, March tenth. The shares have been offered at a mean worth of $68.60, for a complete transaction of $343,000.00. Following the sale, the manager vice chairman now immediately owns 27,277 shares of the corporate’s inventory, valued at roughly $1,871,202.20. The sale was disclosed in a authorized submitting with the SEC, which is out there by this hyperlink. Additionally, CEO Joshua W. Sapan offered 39,980 shares of the inventory in a transaction that occurred on Monday, April fifth. The shares have been offered at a mean worth of $51.73, for a complete transaction of $2,068,165.40. Following the completion of the sale, the chief government officer now immediately owns 748,897 shares within the firm, valued at $38,740,441.81. The disclosure for this sale may be discovered right here. Insiders offered a complete of 59,781 shares of firm inventory value $3,547,824 during the last three months. Insiders personal 23.64% of the corporate’s inventory.

Numerous institutional traders have lately made modifications to their positions in AMCX. Oregon Public Staff Retirement Fund boosted its place in shares of AMC Networks by 1.7% within the first quarter. Oregon Public Staff Retirement Fund now owns 12,165 shares of the corporate’s inventory value $647,000 after buying a further 200 shares over the last quarter. Nisa Funding Advisors LLC boosted its place in shares of AMC Networks by 4.3% within the first quarter. Nisa Funding Advisors LLC now owns 4,807 shares of the corporate’s inventory valued at $256,000 after buying a further 200 shares throughout the interval. Hanson & Doremus Funding Administration elevated its stake in shares of AMC Networks by 7.6% within the fourth quarter. Hanson & Doremus Funding Administration now owns 3,351 shares of the corporate’s inventory valued at $120,000 after shopping for a further 237 shares within the final quarter. Public Staff Retirement System of Ohio elevated its place in AMC Networks by 6.1% within the fourth quarter. Public Staff Retirement System of Ohio now owns 5,805 shares of the corporate’s inventory value $208,000 after buying a further 332 shares throughout the interval. Lastly, Trade Traded Ideas LLC boosted its holdings in AMC Networks by 4.8% throughout the fourth quarter. Trade Traded Ideas LLC now owns 16,250 shares of the corporate’s inventory value $581,000 after shopping for a further 744 shares over the last quarter. Institutional traders personal 81.48% of the corporate’s inventory.

Shares of NASDAQ AMCX opened at $47.06 on Wednesday. The enterprise’s 50 day transferring common worth is $55.97 and its 200 day transferring common worth is $44.07. The agency has a market cap of $1.95 billion, a P/E ratio of 18.67 and a beta of 1.35. AMC Networks has a 52 week low of $20.16 and a 52 week excessive of $83.63. The corporate has a fast ratio of two.43, a present ratio of two.43 and a debt-to-equity ratio of three.89.

AMC Networks (NASDAQ:AMCX) final launched its quarterly earnings knowledge on Thursday, February twenty fifth. The corporate reported $2.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $2.24. AMC Networks had a return on fairness of 53.93% and a internet margin of 4.85%. The enterprise had income of $780.28 million for the quarter, in comparison with analyst estimates of $703.56 million. Throughout the identical quarter within the prior yr, the agency posted $1.69 EPS. The enterprise’s quarterly income was down .6% in comparison with the identical quarter final yr. As a gaggle, analysis analysts anticipate that AMC Networks will publish 6.86 earnings per share for the present yr.

About AMC Networks

AMC Networks Inc, an leisure firm, owns and operates a set of video leisure merchandise which can be delivered to audiences and a platform to distributors and advertisers in the US and internationally. The corporate operates in two segments, Nationwide Networks; and Worldwide and Different.

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Analyst Recommendations for AMC Networks (NASDAQ:AMCX)

This prompt information alert was generated by narrative science expertise and monetary knowledge from MarketBeat to be able to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to [email protected]

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