A statement released earlier today by Stifel about AMC Networks (NASDAQ:AMCX) raises the target price to $60.00
- Updated: September 15, 2016
Boasting a price of $51.97, AMC Networks (NASDAQ:AMCX) traded 0.10% lower on the day. With the last stock price close down 14.66% from the two hundred day average, compared with the Standard & Poor’s 500 Index which has decreased -0.01% over the same time. The company has registered a 50-day average of $54.55 and 200-day average of $60.90. Volume of trade was was down over the average, with 587,866 shares of AMCX changing hands under the typical 699,858 shares.
Stifel bumped the estimated target of AMC Networks (NASDAQ:AMCX) to $60, indicating a possible upside of 0.15%,
Recent Performance Chart:
A total of 16 analysts have reported on the stock. Four analysts rate the company a strong buy, eight firms rate the stock a buy, seven firms rate the company a hold, 0 rate the stock to underperform, and lastly 0 firmsrate the stock as sell with a one year target price of $80.31
AMC Networks has a P/E of 11 with a 52 week low of $51.27 and a 52 week high of $83.78. AMCX’s market capitalization is presently $0.0.
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 and various developing online content distribution initiatives.
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