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Guggenheim downgraded AMC Networks (NASDAQ:AMCX) from Buy to Neutral in a report released today.

Yesterday AMC Networks (NASDAQ:AMCX) traded -5.28% lower at $57.73. The company’s 50-day moving average is $58.76 and its 200-day moving average is $57.79. The last stock close price is down -5.38% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 749,392 shares of the stock were exchanged, up from an average trading volume of 675,586

Guggenheim has downgraded AMC Networks (NASDAQ:AMCX) from Buy to Neutral in a report released on Thursday October 12, 2017.

Previously on 10/10/2017, Wells Fargo reported about AMC Networks (NASDAQ:AMCX) raised the target price from $0.00 to $72.00. At the time, this indicated a possible upside of 0.25%.

See Chart Below

AMC Networks (NASDAQ:AMCX)

AMC Networks has a 52 week low of $46.17 and a 52 week high of $67.61 with a P/E ratio of 11.95 The company’s market cap is currently $0.

In addition to Guggenheim reporting its target price, a total of 16 firms have reported on the stock. The consensus target price is $80.31 with 4 firms rating the stock a strong buy, 8 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

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. It operates through two segments: National Networks, and International and Other. National Networks includes activities of its programming businesses, which include its programming networks distributed in the United States and Canada. The International and Other segment 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. National Networks' programming networks include AMC, WE tv, BBC AMERICA and SundanceTV.

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