December 11, 2017

Guggenheim Downgrades Rating On AMC Networks Inc. (AMCX) To "Neutral"

13 October 2017, 12:49 | Elsie Buchanan

Guggenheim Downgrades Rating On AMC Networks Inc. (AMCX) To "Neutral"

AMC Networks

Clear Harbor Asset Management Llc increased Amc Networks Inc (AMCX) stake by 61.14% reported in 2017Q2 SEC filing. Out of 7 Wall Street analysts rating AMC Networks, 2 give it "Buy", 1 "Sell" rating, while 4 recommend "Hold". The firm has "Hold" rating by Topeka Capital Markets given on Monday, February 22. About shares traded. AMC Networks Inc (NASDAQ:AMCX) has declined 17.50% since October 11, 2016 and is downtrending. Stifel Nicolaus maintained the shares of RSG in report on Monday, August 7 with "Buy" rating. Also, the number of investment professionals holding Amc Networks Inc in their top 10 positions was flat from 2 to 2 for the same number. The rating was upgraded by Evercore on Thursday, September 24 to "Buy". Rwc Asset Management Llp acquired 5,662 shares as Amc Networks Inc (AMCX)'s stock declined 4.67%. Jefferies initiated the stock with "Hold" rating in Tuesday, April 5 report. The firm earned "Hold" rating on Tuesday, August 15 by Cowen & Co. The rating was maintained by Albert Fried with "Buy" on Wednesday, August 26. Therefore 38% are positive. AMCX was included in 51 notes of analysts from August 3, 2015. On Monday, March 21 the stock rating was maintained by Credit Suisse with "Outperform". New York-based Gotham Asset Management Ltd has invested 0.12% in AMC Networks Inc (NASDAQ:AMCX). The rating was downgraded by Roth Capital on Friday, August 5 to "Neutral". TheStreet raised shares of AMC Networks from a "c" rating to a "b-" rating in a research report on Friday, July 28th. The company was downgraded on Thursday, October 20 by Pacific Crest. The company was maintained on Friday, November 20 by Roth Capital. AMC Networks now has an average rating of "Hold" and a consensus target price of $59.00. The Firm has built a vertically integrated solar power product value chain, from recovering silicon materials to manufacturing solar modules and solar power generation. 1,690,997 shares have been traded. It has underperformed by 28.12% the S&P500. Royal Comml Bank Of Canada owns 0% invested in AMC Networks Inc (NASDAQ:AMCX) for 93,357 shares. AMCX's profit will be $72.45 million for 11.87 P/E if the $1.14 EPS becomes a reality. Moreover, Omega Advisors Inc. has 1.97% invested in the company for 885,185 shares. The International and Other segment principally includes AMC Networks International (AMCNI), the Business'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 Business's independent film distribution business; AMC Networks International- DMC, the broadcast solutions unit of certain networks of AMCNI and third-party networks, and various developing online content distribution initiatives.

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AMC Networks Inc. now has a P/E ratio of 11.82 and the market value is 3.44B. The Firm owns and operates entertainment businesses and assets. It has a 18.36 P/E ratio. It operates through two segments: National Networks, and global and Other.

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Investors sentiment decreased to 1.08 in 2017 Q2. The company reported $1.88 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.41 by $0.47. The ratio worsened, as 140 funds increased or opened new positions, while 130 decreased and sold their holdings in Amc Networks Inc. Equities analysts predict that AMC Networks will post $6.68 earnings per share for the current year. Commonwealth Of Pennsylvania Pub School Empls Retrmt Systems owns 0.01% invested in AMC Networks Inc (NASDAQ:AMCX) for 8,043 shares.

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Among 23 analysts covering AMC Networks (NASDAQ:AMCX), 11 have Buy rating, 3 Sell and 9 Hold. With 3,400 avg volume, 0 days are for Canterbury Park Holding Corporation NE (NASDAQ:CPHC)'s short sellers to cover CPHC's short positions.

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