AMC Entertainment (AMC) Rating Increased to C- at TheStreet

AMC Entertainment (NYSE:AMC) was upgraded by stock analysts at TheStreet from a “d+” rating to a “c-” rating in a report released on Monday.

Several other brokerages have also recently weighed in on AMC. B. Riley reaffirmed a “buy” rating and issued a $30.00 price target on shares of AMC Entertainment in a research report on Monday, January 22nd. Wedbush set a $19.00 price target on shares of AMC Entertainment and gave the company a “buy” rating in a research report on Tuesday, February 20th. Zacks Investment Research cut shares of AMC Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, January 23rd. Finally, Royal Bank of Canada cut shares of AMC Entertainment from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, January 10th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $23.04.

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AMC Entertainment (NYSE:AMC) opened at $14.75 on Monday. The stock has a market cap of $1,999.80, a PE ratio of -3.93, a PEG ratio of 9.07 and a beta of 0.84. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 2.27. AMC Entertainment has a 1 year low of $10.80 and a 1 year high of $32.10.

AMC Entertainment (NYSE:AMC) last announced its quarterly earnings results on Thursday, March 1st. The company reported ($2.14) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($2.41). AMC Entertainment had a negative net margin of 9.59% and a negative return on equity of 6.04%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the business posted $0.33 EPS. AMC Entertainment’s revenue was up 53.0% compared to the same quarter last year. research analysts forecast that AMC Entertainment will post 0.17 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of AMC. Advisor Group Inc. lifted its position in shares of AMC Entertainment by 445.3% during the 4th quarter. Advisor Group Inc. now owns 9,380 shares of the company’s stock worth $141,000 after buying an additional 7,660 shares in the last quarter. Deprince Race & Zollo Inc. bought a new position in shares of AMC Entertainment during the 4th quarter worth approximately $151,000. Pitcairn Co. bought a new position in shares of AMC Entertainment during the 4th quarter worth approximately $238,000. Two Sigma Securities LLC bought a new position in shares of AMC Entertainment during the 4th quarter worth approximately $238,000. Finally, Teacher Retirement System of Texas bought a new position in shares of AMC Entertainment during the 4th quarter worth approximately $275,000. 43.33% of the stock is currently owned by hedge funds and other institutional investors.

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AMC Entertainment Company Profile

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.

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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