AMC Entertainment (AMC) Upgraded at Zacks Investment Research

AMC Entertainment (NYSE:AMC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

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 equities analysts have also recently weighed in on AMC. MKM Partners reissued a “buy” rating and set a $28.00 price target on shares of AMC Entertainment in a report on Monday, September 18th. Credit Suisse Group lowered their price target on AMC Entertainment from $14.00 to $12.00 and set an “underperform” rating on the stock in a report on Thursday, September 28th. B. Riley set a $31.00 price target on AMC Entertainment and gave the company a “buy” rating in a report on Wednesday, October 18th. Wedbush set a $21.00 price target on AMC Entertainment and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Royal Bank of Canada cut AMC Entertainment from an “outperform” rating to a “sector perform” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. AMC Entertainment has a consensus rating of “Hold” and an average target price of $24.15.

AMC Entertainment (NYSE:AMC) traded up $0.35 during mid-day trading on Wednesday, reaching $14.45. The company had a trading volume of 4,660,000 shares, compared to its average volume of 2,720,000. The company has a market cap of $1,860.00, a PE ratio of -11.03 and a beta of 1.37. AMC Entertainment has a fifty-two week low of $10.80 and a fifty-two week high of $34.90. The company has a debt-to-equity ratio of 2.01, a current ratio of 0.53 and a quick ratio of 0.53.

AMC Entertainment (NYSE:AMC) last released its quarterly earnings data on Monday, November 6th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.29) by ($0.04). The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.16 billion. AMC Entertainment had a negative net margin of 3.87% and a negative return on equity of 6.20%. The business’s revenue was up 51.2% compared to the same quarter last year. During the same period last year, the company posted $0.31 earnings per share. analysts predict that AMC Entertainment will post -1.3 EPS for the current year.

Several large investors have recently bought and sold shares of AMC. Schwab Charles Investment Management Inc. increased its stake in shares of AMC Entertainment by 14.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 260,401 shares of the company’s stock worth $5,925,000 after purchasing an additional 33,000 shares in the last quarter. Rhumbline Advisers increased its stake in shares of AMC Entertainment by 27.7% in the 2nd quarter. Rhumbline Advisers now owns 68,180 shares of the company’s stock worth $1,551,000 after purchasing an additional 14,780 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of AMC Entertainment by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 445,078 shares of the company’s stock worth $10,126,000 after purchasing an additional 4,485 shares in the last quarter. Legal & General Group Plc increased its stake in shares of AMC Entertainment by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 13,118 shares of the company’s stock worth $301,000 after purchasing an additional 337 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of AMC Entertainment by 574.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,109 shares of the company’s stock worth $162,000 after purchasing an additional 6,055 shares in the last quarter. Hedge funds and other institutional investors own 48.60% of the company’s stock.

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About AMC Entertainment

AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.

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