Maxim Group Reiterates Hold on AMC Networks (AMCX)
Shares of AMC Networks traded up 1.53% during mid-day trading on Friday, hitting $42.34. AMC Networks has a one year low of $29.66 and a one year high of $46.69. The company has a market cap of $3.047 billion and a P/E ratio of 21.25.
AMC Networks last issued its quarterly earnings data on Thursday, May 10th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.15. The company’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, analysts predict that AMC Networks will post $0.60 earnings per share next quarter.
A number of other firms have also recently commented on AMCX. Analysts at Stifel Nicolaus upgraded shares of AMC Networks from a “hold” rating to a “buy” rating in a research note to investors on Friday. They now have a $48.00 price target on the stock. Separately, analysts at Miller Tabak upgraded shares of AMC Networks from a “neutral” rating to a “buy” rating in a research note to investors on Thursday. Finally, analysts at Caris & Company upgraded shares of AMC Networks from a “below average” rating to an “average” rating in a research note to investors on Wednesday, April 11st. They now have a $40.00 price target on the stock, up previously from $39.00.
AMC Networks Inc. (AMC Networks) is a holding company. The Company conducts all of its operations through its subsidiaries.