AMC Networks (NASDAQ:AMCX) Has Just Had Its Target Price per Share Heightened by Researchers at Macquarie Research to $83.00


Stock Analysis:AMC Networks (NASDAQ:AMCX) Upside Target Change

In an analyst research report announced by Macquarie Research on 3 December, AMC Networks (NASDAQ:AMCX) had its target price upgraded to $83.00. The firm presently has a solid Neutral rating on shares.

From a total of 17 analysts covering AMC Networks (NASDAQ:AMCX) stock, 11 rate it a ”Buy”, 0 a “Sell”, and 8 a ”Hold”. This means that 58% of the ratings are positive. The highest target price is $97 while the lowest target price is $72. The mean of all analyst targets is $85.12 with a 4.10% above today’s ($81.65) stock price. AMC Networks was the topic of 21 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Topeka Capital Markets maintained shares on November 12 with “Hold” rating. Albert Fried maintained shares with “Buy” rating and $97 target share price in a report from an August 26. CLSA upgraded AMCX stock in a recent report from October 26 to “Buy” rating. Piper Jaffray maintained the rating on August 21. Piper Jaffray has a “Overweight” rating and a $90 price target on shares. Finally, Evercore upgraded the stock to “Buy” rating in a report issued on a September 24.

Approximately 235,654 shares of stock traded hands. AMC Networks Inc (NASDAQ:AMCX) has risen 10.29% since April 30, 2015 and is uptrending. It has outperformed by 10.57% the S&P500.

AMC Networks Inc. is a holding company, which conducts all of its activities through its majority-owned or controlled subsidiaries. The company has a market cap of $5.95 billion. The Firm owns and operates various cable television brands. It has 16.85 P/E ratio.

According to Zacks Investment Research, “AMC Networks Inc. is engaged in producing programming and movie content. It owns and operates various cable televisions. Its programming networks include AMC, IFC, Sundance Channel, WE tv, and IFC films. The AMC is a television network which focuses on the original programming and movie-based entertainment. IFC creates long and short-form content inspired by music, web, gaming, animation, news, and culture. The Sundance Channel is the television destination for independent-minded viewers. The WE tv is the women’s network specially devoted to the relationships during life’s defining moments. The IFC films consist of multiple brands that bring specialty films to the largest possible audience. AMC Networks Inc. is headquartered in New York, New York.” Get a free copy of the Zacks research report on AMC Networks Inc (AMCX).