AMC Networks Inc (NASDAQ:AMCX) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 10, 2016
Zacks Investment Research has downgraded AMC Networks Inc (NASDAQ:AMCX) to Sell in a statement released on 10/10/2016.
Having a price of $51.74, AMC Networks Inc (NASDAQ:AMCX) traded -0.10% lower on the day. With the last stock price down -12.85% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. AMCX has recorded a 50-day average of $52.64 and a two hundred day average of $59.06. Trade Volume was down over the average, with 324,042 shares of AMCX changing hands under the typical 698,891
Recent Performance Chart
AMC Networks Inc has PE ratio of 10.72 with a one year low of $49.93 and a one year high of $83.78 and has a market capitalization of $0.
A total of 16 brokerages have issued a ratings update on AMC Networks Inc. Four brokerages rating the company a strong buy, eight brokerages rating the company a buy, seven brokerages rating the company a hold, zero brokerages rating the company a underperform, and finally zero brokerages rating the company a sell with a 12-month price target of $80.31.
General Company Details For AMC Networks Inc (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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