Barclays Capital Raises Price Target on AMC Networks (AMCX)

By admin | 6 years ago

Barclays Capital (NYSE: BCS) lifted their price target on shares of AMC Networks (NASDAQ: AMCX) from $40.00 to $42.00 in a research note issued on Friday. The firm currently has an “equal weight” rating on the stock.

A number of other firms have also recently commented on AMCX. Analysts at Gabelli downgraded shares of AMC Networks from a “buy” rating to a “hold” rating in a research note to investors on Friday. Separately, analysts at Gabelli & Co downgraded shares of AMC Networks from a “buy” rating to a “hold” rating in a research note to investors on Friday. Finally, analysts at Maxim Group reiterated a “hold” rating on shares of AMC Networks in a research note to investors on Friday.

Shares of AMC Networks opened at 41.70 on Friday. 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 $3.001 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 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.45 by $0.15. The company’s quarterly revenue 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.

AMC Networks Inc., formerly Rainbow Media Holdings, is engaged in producing programmes and movie content.

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