Key Research Analysts at Jefferies Reconfirmed their ‘Hold’ rating for AMC Networks (NASDAQ:AMCX) Shares Today. Their PT is $65.0

September 17, 2017 - By Marie Mckinney

 Key Research Analysts at Jefferies Reconfirmed their ‘Hold’ rating for AMC Networks (NASDAQ:AMCX) Shares Today. Their PT is $65.0

Investors sentiment decreased to 0.96 in Q4 2016. Its down 0.05, from 1.01 in 2016Q3. It turned negative, 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.

2.32 million were reported by Blackrock Fund Advisors. Horizon Kinetics Ltd Liability Company accumulated 448,724 shares. Freestone Cap Ltd Llc reported 84 shares or 0% of all its holdings. State Treasurer State Of Michigan owns 23,750 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 1,983 shares or 0% of their US portfolio. Invesco Ltd holds 95,132 shares. Louisiana State Employees Retirement invested in 14,600 shares or 0.04% of the stock. State Of Tennessee Treasury Department accumulated 10,000 shares. Illinois-based Perkins Mgmt Ltd Liability has invested 0.23% in AMC Networks Inc (NASDAQ:AMCX). Highbridge Capital Mngmt Lc, New York-based fund reported 53,208 shares. Thrivent Financial For Lutherans accumulated 10,127 shares. Da Davidson And has 12,751 shares for 0.02% of their portfolio. Renaissance Technologies Ltd Liability Com holds 661,900 shares or 0.05% of its portfolio. Parallax Volatility Advisers L P has 150 shares. California State Teachers Retirement System invested 0.01% of its portfolio in AMC Networks Inc (NASDAQ:AMCX).

AMC Networks (NASDAQ:AMCX) Rating Reaffirmed

In a research report issued to investors and clients on 11 September, The Hold rating of AMC Networks (NASDAQ:AMCX) shares was maintained by Analysts at Jefferies, who now has a $65.0 target price on the stock. Jefferies’s target price would indicate a possible upside of 9.39 % from the previous close of the company.

Investors sentiment decreased to 0.96 in Q4 2016. Its down 0.05, from 1.01 in 2016Q3. It turned negative, 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.

2.32 million were reported by Blackrock Fund Advisors. Horizon Kinetics Ltd Liability Company accumulated 448,724 shares. Freestone Cap Ltd Llc reported 84 shares or 0% of all its holdings. State Treasurer State Of Michigan owns 23,750 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 1,983 shares or 0% of their US portfolio. Invesco Ltd holds 95,132 shares. Louisiana State Employees Retirement invested in 14,600 shares or 0.04% of the stock. State Of Tennessee Treasury Department accumulated 10,000 shares. Illinois-based Perkins Mgmt Ltd Liability has invested 0.23% in AMC Networks Inc (NASDAQ:AMCX). Highbridge Capital Mngmt Lc, New York-based fund reported 53,208 shares. Thrivent Financial For Lutherans accumulated 10,127 shares. Da Davidson And has 12,751 shares for 0.02% of their portfolio. Renaissance Technologies Ltd Liability Com holds 661,900 shares or 0.05% of its portfolio. Parallax Volatility Advisers L P has 150 shares. California State Teachers Retirement System invested 0.01% of its portfolio in AMC Networks Inc (NASDAQ:AMCX).

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. The stock has “Buy” rating by Evercore on Thursday, September 24. Jefferies maintained the shares of AMCX in report on Monday, July 11 with “Hold” rating. The company was initiated on Tuesday, October 20 by Cowen & Co. The rating was maintained by Piper Jaffray on Friday, August 21 with “Overweight”. Macquarie Research upgraded the shares of AMCX in report on Tuesday, April 26 to “Outperform” rating. Jefferies maintained AMC Networks Inc (NASDAQ:AMCX) rating on Friday, August 5. Jefferies has “Hold” rating and $61 target. The rating was maintained by JP Morgan on Monday, August 10 with “Hold”. The stock of AMC Networks Inc (NASDAQ:AMCX) has “Overweight” rating given on Sunday, August 9 by Pacific Crest. On Thursday, October 6 the stock rating was initiated by FBR Capital with “Outperform”. Pacific Crest downgraded the shares of AMCX in report on Thursday, October 20 to “Sector Weight” rating.

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 $72.52M 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: Seekingalpha.com which released: “Media stocks slip alongside updates from Disney, Comcast” on September 07, 2017, also Seekingalpha.com with their article: “AMC Networks: Sale Possibilities Create ‘Good Enough’ Bull Case” published on August 18, 2017, Seekingalpha.com published: “Media companies band together for sports-free streaming” on September 11, 2017. More interesting news about AMC Networks Inc (NASDAQ:AMCX) were released by: Gurufocus.com and their article: “AMC Networks Is Good for a Double” published on August 31, 2017 as well as Zacks.com‘s news article titled: “Is AMC Networks Inc. (AMCX) a Great Stock for Value Investors?” with publication date: September 04, 2017.

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