A statement released earlier today by Guggenheim about AMC Networks (NASDAQ:AMCX) bumps down the target price to $66.00
- Updated: October 16, 2016
Boasting a price of $51.47, AMC Networks (NASDAQ:AMCX) traded 0.66% higher on the day. With the last stock price close down -17.30% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. AMC Networks has recorded a 50-day average of $52.00 and a two hundred day average of $58.74. Volume of trade was down over the average, with 604,714 shares of AMCX changing hands under the typical 706,432
Guggenheim bumped down the target of AMC Networks (NASDAQ:AMCX) to $66.00 stating a potential upside of 0.28%.
With a total market value of $0, AMC Networks has price-earnings ratio of 10.11 with a one year low of $47.18 and a one year high of $83.78 .
A total of 16 equity analysts have released a ratings update on AMCX. Four equity analysts rating the company a strong buy, eight equity analysts rating the company a buy, seven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $80.31.
Brief Synopsis About AMC Networks (NASDAQ:AMCX)
AMC Networks Inc. is a holding company, which conducts all of its operations through its subsidiaries. The Company owns and operates entertainment businesses and assets. The Company operates through two segments: National Networks, and International and Other. The National Networks segment principally includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada. The International and Other segment principally includes AMC Networks International (AMCNI), 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; AMCNI- 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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