TOday’s Movers: AMC Networks (NASDAQ:AMCX) Stock Rating Reiterated at Jefferies; $65.0 Target Price Indicates 9.39 % Potential

September 17, 2017 - By Vivian Park

 TOday’s Movers: AMC Networks (NASDAQ:AMCX) Stock Rating Reiterated at Jefferies; $65.0 Target Price Indicates 9.39 % Potential

Investors sentiment decreased to 0.96 in 2016 Q4. Its down 0.05, from 1.01 in 2016Q3. It worsened, as 38 investors sold AMC Networks Inc shares while 97 reduced holdings. 50 funds opened positions while 79 raised stakes. 54.91 million shares or 2.16% less from 56.12 million shares in 2016Q3 were reported.

Brown Advisory Incorporated holds 0% in AMC Networks Inc (NASDAQ:AMCX) or 4,030 shares. Tiaa Cref Investment Mngmt Ltd Liability stated it has 0.05% of its portfolio in AMC Networks Inc (NASDAQ:AMCX). Perkins Inv Limited Liability Com owns 348,178 shares. Moreover, Allianz Asset Management Ag has 0.01% invested in AMC Networks Inc (NASDAQ:AMCX). Commonwealth Of Pennsylvania School Empls Retrmt invested in 8,726 shares. Prudential Public Ltd Co stated it has 120,000 shares. Jane Street Grp Ltd Liability invested in 5,453 shares. Moreover, Us National Bank & Trust De has 0% invested in AMC Networks Inc (NASDAQ:AMCX). Sentinel Communication Lba holds 10,982 shares. Evercore Wealth Mngmt Limited Liability reported 302,052 shares or 0.66% of all its holdings. Gamco Et Al holds 0.39% or 1.19 million shares. Glg Prtn Limited Partnership stated it has 96,149 shares or 0.2% of all its holdings. Markston Ltd Liability invested in 5,325 shares. Evercore Co Na accumulated 0% or 15,650 shares. 5,157 are held by Bremer Natl Association.

AMC Networks (NASDAQ:AMCX) Rating Reaffirmed

In a note shared with investors and clients on Monday morning, The “Hold” rating of AMC Networks (NASDAQ:AMCX) shares was reiterated by Jefferies, who now has a $65.0 price target on the stock. Jefferies’s price target means a possible upside of 9.39 % from the current price of the company.

Investors sentiment decreased to 0.96 in 2016 Q4. Its down 0.05, from 1.01 in 2016Q3. It worsened, as 38 investors sold AMC Networks Inc shares while 97 reduced holdings. 50 funds opened positions while 79 raised stakes. 54.91 million shares or 2.16% less from 56.12 million shares in 2016Q3 were reported.

Brown Advisory Incorporated holds 0% in AMC Networks Inc (NASDAQ:AMCX) or 4,030 shares. Tiaa Cref Investment Mngmt Ltd Liability stated it has 0.05% of its portfolio in AMC Networks Inc (NASDAQ:AMCX). Perkins Inv Limited Liability Com owns 348,178 shares. Moreover, Allianz Asset Management Ag has 0.01% invested in AMC Networks Inc (NASDAQ:AMCX). Commonwealth Of Pennsylvania School Empls Retrmt invested in 8,726 shares. Prudential Public Ltd Co stated it has 120,000 shares. Jane Street Grp Ltd Liability invested in 5,453 shares. Moreover, Us National Bank & Trust De has 0% invested in AMC Networks Inc (NASDAQ:AMCX). Sentinel Communication Lba holds 10,982 shares. Evercore Wealth Mngmt Limited Liability reported 302,052 shares or 0.66% of all its holdings. Gamco Et Al holds 0.39% or 1.19 million shares. Glg Prtn Limited Partnership stated it has 96,149 shares or 0.2% of all its holdings. Markston Ltd Liability invested in 5,325 shares. Evercore Co Na accumulated 0% or 15,650 shares. 5,157 are held by Bremer Natl Association.

AMC Networks Inc (NASDAQ:AMCX) Ratings Coverage

Among 22 analysts covering AMC Networks (NASDAQ:AMCX), 10 have Buy rating, 3 Sell and 9 Hold. Therefore 45% are positive. AMC Networks has $97 highest and $37 lowest target. $72.24’s average target is 21.58% above currents $59.42 stock price. AMC Networks had 49 analyst reports since August 3, 2015 according to SRatingsIntel. Morgan Stanley upgraded AMC Networks Inc (NASDAQ:AMCX) on Monday, August 3 to “Overweight” rating. The firm has “Buy” rating given on Tuesday, October 11 by Guggenheim. The company was maintained on Thursday, August 3 by Jefferies. The firm earned “Hold” rating on Monday, February 22 by Topeka Capital Markets. The rating was maintained by Albert Fried with “Buy” on Wednesday, August 26. CLSA upgraded AMC Networks Inc (NASDAQ:AMCX) on Monday, October 26 to “Buy” rating. The stock of AMC Networks Inc (NASDAQ:AMCX) has “Buy” rating given on Friday, February 24 by Stifel Nicolaus. The stock of AMC Networks Inc (NASDAQ:AMCX) has “Hold” rating given on Tuesday, August 9 by Loop Capital. The company was maintained on Friday, August 7 by Albert Fried. Stifel Nicolaus maintained AMC Networks Inc (NASDAQ:AMCX) rating on Saturday, August 8. Stifel Nicolaus has “Buy” rating and $89 target.

The stock increased 3.81% or $2.18 on September 15, reaching $59.42. About 1.22M shares traded or 90.00% up from the average. AMC Networks Inc (NASDAQ:AMCX) has declined 17.50% since September 17, 2016 and is downtrending. It has underperformed by 34.20% the S&P500.

Analysts expect AMC Networks Inc (NASDAQ:AMCX) to report $1.14 EPS on November, 2.They anticipate $0.13 EPS change or 12.87 % from last quarter’s $1.01 EPS. AMCX’s profit would be $72.52 million giving it 13.03 P/E if the $1.14 EPS is correct. After having $1.88 EPS previously, AMC Networks Inc’s analysts see -39.36 % EPS growth.

AMC Networks Inc. is a holding company, which conducts all of its activities through its subsidiaries. The company has market cap of $3.78 billion. The Firm owns and operates entertainment businesses and assets. It has a 12.84 P/E ratio. It operates through two divisions: National Networks, and International and Other.

More notable recent AMC Networks Inc (NASDAQ:AMCX) news were published by: Gurufocus.com which released: “AMC Networks Is Good for a Double” on August 31, 2017, also Seekingalpha.com with their article: “Media stocks slip alongside updates from Disney, Comcast” published on September 07, 2017, Seekingalpha.com published: “AMC Networks: Sale Possibilities Create ‘Good Enough’ Bull Case” on August 18, 2017. More interesting news about AMC Networks Inc (NASDAQ:AMCX) were released by: Zacks.com and their article: “Is AMC Networks Inc. (AMCX) a Great Stock for Value Investors?” published on September 04, 2017 as well as Seekingalpha.com‘s news article titled: “Media companies band together for sports-free streaming” with publication date: September 11, 2017.

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