AMC Networks Inc. (NASDAQ:AMCX) was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating in a report issued on Tuesday.

Several other analysts have also recently commented on the stock. Jefferies Group LLC decreased their price objective on shares of AMC Networks from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Loop Capital decreased their price objective on shares of AMC Networks from $60.00 to $55.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Piper Jaffray Companies set a $60.00 price objective on shares of AMC Networks and gave the company a “hold” rating in a research note on Wednesday, November 1st. Morgan Stanley decreased their price objective on shares of AMC Networks from $60.00 to $55.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 31st. Finally, Guggenheim cut shares of AMC Networks from a “buy” rating to a “neutral” rating in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $59.62.

Shares of AMC Networks (NASDAQ AMCX) opened at $48.39 on Tuesday. The company has a market cap of $2,965.09, a P/E ratio of 6.89, a P/E/G ratio of 0.90 and a beta of 1.09. The company has a debt-to-equity ratio of 37.53, a current ratio of 2.57 and a quick ratio of 2.57. AMC Networks has a 12 month low of $46.89 and a 12 month high of $67.61.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Thursday, November 2nd. The company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.15 by $0.53. AMC Networks had a net margin of 12.12% and a return on equity of 948.45%. The business had revenue of $648.00 million during the quarter, compared to analysts’ expectations of $660.79 million. During the same period in the previous year, the business posted $1.11 EPS. The business’s quarterly revenue was up 2.1% compared to the same quarter last year. analysts anticipate that AMC Networks will post 7.01 earnings per share for the current fiscal year.

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Several large investors have recently bought and sold shares of AMCX. Investec Asset Management LTD increased its holdings in shares of AMC Networks by 45.0% during the 3rd quarter. Investec Asset Management LTD now owns 1,799,372 shares of the company’s stock valued at $105,209,000 after purchasing an additional 558,579 shares in the last quarter. AJO LP increased its holdings in shares of AMC Networks by 121.4% during the 2nd quarter. AJO LP now owns 996,174 shares of the company’s stock valued at $53,206,000 after purchasing an additional 546,211 shares in the last quarter. LSV Asset Management increased its holdings in shares of AMC Networks by 284.0% during the 2nd quarter. LSV Asset Management now owns 721,131 shares of the company’s stock valued at $38,515,000 after purchasing an additional 533,360 shares in the last quarter. Boston Partners purchased a new position in shares of AMC Networks during the 2nd quarter valued at approximately $20,311,000. Finally, American Century Companies Inc. purchased a new position in shares of AMC Networks during the 3rd quarter valued at approximately $20,212,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

About AMC Networks

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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