AMC Networks (NASDAQ:AMCX) Downgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of AMC Networks (NASDAQ:AMCX) from a neutral rating to an underweight rating in a report published on Monday, AnalystRatings.net reports. JPMorgan Chase & Co. currently has $20.00 price objective on the stock.

A number of other equities analysts have also recently issued reports on the stock. Macquarie raised shares of AMC Networks from a neutral rating to an outperform rating and set a $29.00 price objective on the stock in a research note on Friday, August 7th. BidaskClub cut shares of AMC Networks from a sell rating to a strong sell rating in a research note on Friday, September 4th. Guggenheim reduced their price target on shares of AMC Networks from $31.00 to $27.00 in a research report on Friday, August 14th. Zacks Investment Research raised shares of AMC Networks from a hold rating to a buy rating and set a $27.00 price target on the stock in a research report on Tuesday, October 6th. Finally, Royal Bank of Canada reissued a buy rating and set a $30.00 price target on shares of AMC Networks in a research report on Thursday, August 6th. Five research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. AMC Networks has a consensus rating of Hold and an average target price of $28.46.

Shares of AMCX stock opened at $24.51 on Monday. AMC Networks has a 52-week low of $19.62 and a 52-week high of $48.50. The stock has a market cap of $1.28 billion, a PE ratio of 7.17 and a beta of 0.87. The company has a debt-to-equity ratio of 4.16, a quick ratio of 2.38 and a current ratio of 2.38. The firm’s 50 day moving average price is $23.51 and its two-hundred day moving average price is $24.96.

AMC Networks (NASDAQ:AMCX) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $2.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $1.23. AMC Networks had a net margin of 6.66% and a return on equity of 65.61%. The firm had revenue of $646.29 million for the quarter, compared to analysts’ expectations of $623.83 million. During the same period last year, the firm earned $2.60 earnings per share. The business’s revenue for the quarter was down 16.3% on a year-over-year basis. As a group, sell-side analysts predict that AMC Networks will post 5.42 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of AMCX. Strs Ohio bought a new stake in AMC Networks in the 2nd quarter valued at $25,000. International Assets Investment Management LLC bought a new stake in AMC Networks in the 3rd quarter valued at $31,000. Signaturefd LLC lifted its position in AMC Networks by 74.7% in the 2nd quarter. Signaturefd LLC now owns 2,270 shares of the company’s stock valued at $53,000 after acquiring an additional 971 shares in the last quarter. Maverick Capital Ltd. bought a new stake in AMC Networks in the 1st quarter valued at $63,000. Finally, Dupont Capital Management Corp increased its stake in AMC Networks by 69.0% in the 2nd quarter. Dupont Capital Management Corp now owns 3,038 shares of the company’s stock valued at $71,000 after buying an additional 1,240 shares during the last quarter. 86.11% of the stock is currently owned by institutional investors and hedge funds.

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.

Read More: How is an ETF different from a mutual fund?

Analyst Recommendations for AMC Networks (NASDAQ:AMCX)

Receive News & Ratings for AMC Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AMC Networks and related companies with MarketBeat.com's FREE daily email newsletter.