Amc Networks (AMCX) Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of Amc Networks (NASDAQ:AMCX) from a buy rating to a hold rating in a research report sent to investors on Tuesday morning.

According to Zacks, “AMC Networks Inc. is engaged in producing programming and movie content. It owns and operates various cable televisions. Its programming networks include AMC, IFC, Sundance Channel, WE tv, and IFC films. The AMC is a television network which focuses on the original programming and movie-based entertainment. IFC creates long and short-form content inspired by music, web, gaming, animation, news, and culture. The Sundance Channel is the television destination for independent-minded viewers. The WE tv is the women’s network specially devoted to the relationships during life’s defining moments. The IFC films consist of multiple brands that bring specialty films to the largest possible audience. AMC Networks Inc. is headquartered in New York, New York. “

AMCX has been the topic of several other research reports. BidaskClub upgraded shares of Amc Networks from a buy rating to a strong-buy rating in a research report on Friday, January 11th. Wolfe Research initiated coverage on shares of Amc Networks in a research report on Friday, December 7th. They set an underperform rating on the stock. Deutsche Bank increased their price target on shares of Amc Networks from $55.00 to $60.00 and gave the stock a hold rating in a research report on Monday, November 5th. ValuEngine upgraded shares of Amc Networks from a sell rating to a hold rating in a research report on Wednesday, January 2nd. Finally, JPMorgan Chase & Co. increased their price target on shares of Amc Networks from $62.00 to $65.00 and gave the stock a neutral rating in a research report on Friday, November 2nd. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $62.83.

NASDAQ AMCX opened at $63.74 on Tuesday. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 10.69. The company has a market cap of $3.65 billion, a P/E ratio of 8.65, a PEG ratio of 1.06 and a beta of 0.91. Amc Networks has a 1 year low of $48.83 and a 1 year high of $69.02.

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. boosted its position in Amc Networks by 17.4% in the fourth quarter. BlackRock Inc. now owns 5,203,167 shares of the company’s stock valued at $285,548,000 after buying an additional 771,535 shares in the last quarter. LSV Asset Management boosted its position in Amc Networks by 1.7% in the fourth quarter. LSV Asset Management now owns 2,716,865 shares of the company’s stock valued at $149,101,000 after buying an additional 46,280 shares in the last quarter. Investec Asset Management LTD boosted its position in Amc Networks by 4.6% in the fourth quarter. Investec Asset Management LTD now owns 2,549,354 shares of the company’s stock valued at $139,909,000 after buying an additional 111,427 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Amc Networks by 12.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 885,738 shares of the company’s stock valued at $48,610,000 after buying an additional 97,634 shares in the last quarter. Finally, Boston Partners boosted its position in Amc Networks by 6.5% in the fourth quarter. Boston Partners now owns 842,756 shares of the company’s stock valued at $46,251,000 after buying an additional 51,602 shares in the last quarter. Hedge funds and other institutional investors own 87.42% of the company’s stock.

About Amc Networks

AMC Networks Inc owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

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