AMC Networks Inc. (NASDAQ:AMCX) has been assigned an average recommendation of “Hold” from the eighteen research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $61.25.

A number of brokerages have issued reports on AMCX. BidaskClub raised shares of AMC Networks from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 31st. TheStreet raised shares of AMC Networks from a “c” rating to a “b-” rating in a research note on Friday, July 28th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $65.00 price objective (up previously from $60.00) on shares of AMC Networks in a research note on Friday, August 4th. Cowen and Company reaffirmed a “hold” rating and issued a $53.00 price objective on shares of AMC Networks in a research note on Thursday, September 21st. Finally, Wells Fargo & Company assumed coverage on shares of AMC Networks in a research note on Tuesday, October 10th. They issued an “outperform” rating and a $72.00 price objective for the company.

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of AMC Networks by 3,894.6% during the first quarter. BlackRock Inc. now owns 5,048,490 shares of the company’s stock worth $296,245,000 after buying an additional 4,922,108 shares during the last quarter. Omega Advisors Inc. bought a new stake in shares of AMC Networks during the first quarter worth approximately $48,850,000. AJO LP raised its stake in shares of AMC Networks by 121.4% during the second quarter. AJO LP now owns 996,174 shares of the company’s stock worth $53,206,000 after buying an additional 546,211 shares during the last quarter. LSV Asset Management raised its stake in shares of AMC Networks by 284.0% during the second quarter. LSV Asset Management now owns 721,131 shares of the company’s stock worth $38,515,000 after buying an additional 533,360 shares during the last quarter. Finally, Boston Partners bought a new stake in shares of AMC Networks during the second quarter worth approximately $20,311,000. Institutional investors own 84.99% of the company’s stock.

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AMC Networks (NASDAQ AMCX) traded up 3.64% during mid-day trading on Thursday, hitting $55.74. The stock had a trading volume of 1,256,459 shares. The stock has a market cap of $3.54 billion, a PE ratio of 12.18 and a beta of 1.06. The firm’s 50-day moving average is $58.42 and its 200 day moving average is $57.75. AMC Networks has a one year low of $46.17 and a one year high of $67.61.

AMC Networks (NASDAQ:AMCX) last issued its earnings results on Thursday, August 3rd. The company reported $1.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.47. The company had revenue of $710.55 million during the quarter, compared to analyst estimates of $715.23 million. AMC Networks had a net margin of 11.40% and a return on equity of 683.16%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $1.15 EPS. Equities research analysts expect that AMC Networks will post $6.67 EPS for the current year.

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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