AMC Networks (NASDAQ: AMCX) received a number of ratings updates from brokerages and research firms in the last week:
- AMC Networks had its price target raised by analysts at Telsey Advisory Group from $59.00 to $64.00.
- AMC Networks had its “buy” rating reaffirmed by analysts at Bank of America. They wrote, “Despite the unusually noisy Q, affiliate revenues appear poised to accelerate in 2013, advertising growth potential still appears solid and VOOM cash benefits have yet to flow through. Also, w/ leverage set to fall to 2.2x by CY14E, AMCX offers one of the last untapped capital return scenarios in Media & Entertainment.”
- AMC Networks had its price target raised by analysts at S&P Equity Research from $60.00 to $62.00.
- AMC Networks had its price target raised by analysts at Susquehanna from $61.00 to $64.00. They now have a “positive” rating on the stock.
- AMC Networks had its “overweight” rating reaffirmed by analysts at Barclays Capital. They now have a $62.00 price target on the stock.
Shares of AMC Networks traded up 1.94% during mid-day trading on Tuesday, hitting $58.25. AMC Networks has a 52 week low of $34.78 and a 52 week high of $61.32. The stock’s 50-day moving average is currently $57.51. The company has a market cap of $4.217 billion and a P/E ratio of 30.17.
AMC Networks Inc. (AMC Networks) is a holding company. The Company conducts all of its operations through its subsidiaries.
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