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

Yesterday AMC Networks (NDAQ:AMCX) traded -5.28% lower at $54.10. The company’s 50-day moving average is $58.76 and its 200-day moving average is $57.79. The last closing 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 period. 749,392 shares of the stock traded hands, up from an average trading volume of 675,586

Guggenheim has downgraded AMC Networks (NDAQ:AMCX) from Buy to Neutral in a report released on 10/12/2017.

Previously on Tuesday October 10, 2017, Wells Fargo reported on AMC Networks (NDAQ:AMCX) increased 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 (NDAQ: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 stock price target, a total of 16 brokers have issued a research note on the company. The average stock price target is $80.31 with 4 brokers rating the stock a strong buy, 8 brokers rating the stock a buy, 7 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About AMC Networks (NDAQ: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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