Goldman Sachs Maintains AMC Networks Inc to Buy with Price Target $73.00

Brokerage firm Goldman Sachs Maintains its rating on AMC Networks Inc(NASDAQ:AMCX). In a research note issued to the investors, the brokerage major Lowers the price-target to $73.00 per share. The shares have been rated Buy. The rating by Goldman Sachs was issued on Aug 5, 2016.

In a different note, On Aug 5, 2016, Jefferies said it Maintains its rating on AMC Networks Inc. In the research note, the firm Lowers the price-target to $67.00 per share. The shares have been rated ‘Hold’ by the firm. On Aug 5, 2016, JP Morgan said it Maintains its rating on AMC Networks Inc. In the research note, the firm Lowers the price-target to $66.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 15, 2016, UBS said it Downgrades its rating on AMC Networks Inc. In the research note, the firm Lowers the price-target to $67.00 per share. The shares have been rated ‘Sell’ by the firm. On Jul 11, 2016, Jefferies said it Maintains its rating on AMC Networks Inc. In the research note, the firm Lowers the price-target to $72.00 per share. The shares have been rated ‘Hold’ by the firm. On Jun 22, 2016, Morgan Stanley said it Downgrades its rating on AMC Networks Inc. In the research note, the firm Lowers the price-target to $78.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

AMC Networks Inc (AMCX) made into the market gainers list on Wednesdays trading session with the shares advancing 0.18% or 0.1 points. Due to strong positive momentum, the stock ended at $57.03, which is also near the day’s high of $57.34. The stock began the session at $57.11 and the volume stood at 9,35,380 shares. The 52-week high of the shares is $83.78 and the 52 week low is $52.41. The company has a current market capitalization of $4,072 M and it has 7,13,99,740 shares in outstanding.

AMC Networks Inc(AMCX) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $684.83M. Analysts had an estimated revenue of $681.13M. Earnings per share were $1.14. Analysts had estimated an EPS of $1.31.

Several Insider Transactions has been reported to the SEC. On May 26, 2015, James Gallagher (EVP and General Counsel) sold 1,000 shares at $77.49 per share price.Also, On May 7, 2015, Edward A Carroll (Chief Operating Officer) sold 8,250 shares at $79.21 per share price.On Mar 19, 2015, John P Giraldo (Chief Accounting Officer) sold 3,976 shares at $72.18 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s 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 Company’s 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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