AMC Networks (AMCX) Getting Somewhat Positive Media Coverage, Analysis Shows
Headlines about AMC Networks (NASDAQ:AMCX) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. AMC Networks earned a media sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.4858411386648 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
AMC Networks (NASDAQ:AMCX) opened at 58.52 on Wednesday. The company has a market capitalization of $3.72 billion, a P/E ratio of 12.79 and a beta of 1.06. 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 is $59.04 and its 200 day moving average is $57.74.
AMC Networks (NASDAQ:AMCX) last released its earnings results on Thursday, August 3rd. The company reported $1.88 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.47. The firm had revenue of $710.55 million during the quarter, compared to the consensus estimate of $715.23 million. AMC Networks had a return on equity of 683.16% and a net margin of 11.40%. The company’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.15 EPS. Analysts predict that AMC Networks will post $6.65 EPS for the current year.
AMC Networks announced that its Board of Directors has authorized a share buyback program on Wednesday, June 7th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 13.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.
AMCX has been the topic of several recent research reports. Jefferies Group LLC reissued a “hold” rating and set a $65.00 price objective (up previously from $60.00) on shares of AMC Networks in a report on Friday, August 4th. Moffett Nathanson restated a “sell” rating on shares of AMC Networks in a research note on Friday, June 9th. BidaskClub upgraded AMC Networks from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. Cowen and Company reaffirmed a “hold” rating and issued a $53.00 target price on shares of AMC Networks in a research report on Thursday, September 21st. Finally, Zacks Investment Research raised AMC Networks from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Thursday, July 13th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $57.82.
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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.
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