Analyst Rating Update on AMC Networks (AMCX)

AMC Networks (AMCX) : Zacks Investment Research ranks AMC Networks (AMCX) as 4, which is a Sell recommendation. 6 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.09, which indicates as a Buy.

AMC Networks (AMCX) : 10 Wall Street analysts covering AMC Networks (AMCX) believe that the average level the stock could reach for the short term is $75.2. The maximum price target given is $90 and the minimum target for short term is around $57, hence the standard deviation is calculated at $11.49.

For the current week, the company shares have a recommendation consensus of Buy.


AMC Networks (NASDAQ:AMCX): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $54.84 and $54.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.33, notching a gain of 2.89% for the day. The total traded volume was 1,042,070 . The stock had closed at $54.75 on the previous day.

AMC Networks Inc. is a holding company, which conducts all of its operations through its majority-owned or controlled subsidiaries. The Company owns and operates various cable television brands. The Company manages its business through two segments: National Networks, which includes five programming networks: AMC, WE tv, BBC AMERICA, IFC, and SundanceTV , which are available to its distributors in high-definition and/or standard-definition formats, and, International and Other, which principally includes AMC Networks International, the Companys international programming businesses consisting of a portfolio of channels in Europe, Latin America, the Middle East and parts of Asia and Africa; IFC Films, the Companys independent film distribution business; AMC Networks International – DMC (formerly Chello DMC), the broadcast solutions unit of certain networks of AMC Networks International and third party networks; and various developing on-line content distribution initiatives.

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