On Jun 27, 2018 Goldman Sachs Downgrades AMC Networks (NASDAQ:AMCX).

June 27, 2018 - By Michael Lund

AMC Networks Inc. (NASDAQ:AMCX) Corporate Logo

Big Money Sentiment decreased to 0.76 in 2018 Q1. It has change of 0.07, from 2017Q4’s 0.83. The ratio worsened due to AMC Networks Inc. positioning: 32 sold and 111 reduced. 36 funds took stakes and 73 increased stakes. Investors holded 53.51 million in 2017Q4 but now own 49.56 million shares or 7.37% less.

State Of Wisconsin Investment Board reported 0% in AMC Networks Inc. (NASDAQ:AMCX). Dupont holds 79,652 shs. Morgan Stanley owns 196,973 shs for 0% of their capital. Utah Retirement Sys has invested 0.01% in AMC Networks Inc. (NASDAQ:AMCX). Investec Asset Management North America has 0.1% invested in AMC Networks Inc. (NASDAQ:AMCX). Grantham Mayo Van Otterloo And Commerce Limited Liability Corporation accumulated 12,800 shs. Ny State Teachers Retirement Systems invested 0.01% in AMC Networks Inc. (NASDAQ:AMCX). 79,200 are held by Clear Harbor Asset Ltd Liability. Ct Mason holds 0.64% or 22,710 shs in its capital. New York-based Joel Isaacson & Limited Company has invested 0.06% in AMC Networks Inc. (NASDAQ:AMCX). Guggenheim Capital Ltd Llc holds 76,815 shs or 0.01% of its capital. Putnam Investments Ltd reported 0.02% in AMC Networks Inc. (NASDAQ:AMCX). Raymond James & has invested 0.02% of its capital in AMC Networks Inc. (NASDAQ:AMCX). S Muoio And Limited Liability Company, a New York-based fund reported 126,788 shs. Arizona State Retirement Systems, a Arizona-based fund reported 33,355 shs.

AMC Networks Inc. had 3 sales and 0 buys since May 17, 2018. This’s net activity of $1.16 million. On Monday, June 18 a trade for 11,700 shs valued at $780,624 was made by Carroll Edward A.

Goldman Sachs Decreased AMC Networks (NASDAQ:AMCX)’s Rating to Neutral.

AMC Networks (NASDAQ:AMCX)‘s rating change was published by Stock analysts at Goldman Sachs. On Tuesday morning they have cut AMCX’s rating to Neutral from Buy.

AMC Networks Inc. (NASDAQ:AMCX) Ratings Coverage

Total analysts of 9 have positions in AMC Networks (NASDAQ:AMCX) as follows: 0 rated it a “Buy”, 1 with “Sell” and 8 with “Hold”. The positive are 0. Since January 2, 2018 according to StockzIntelligence Inc AMC Networks has 9 analyst reports. On Thursday, March 1 Guggenheim maintained AMC Networks Inc. (NASDAQ:AMCX) rating. Guggenheim has “Hold” rating and $54.0 target. The stock rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, January 31. On Friday, May 11 the stock of AMC Networks Inc. (NASDAQ:AMCX) has “In-Line” rating given by Evercore. On Tuesday, February 20 the company was upgraded by Moffett Nathanson. On Tuesday, January 2 the firm has “Neutral” rating given by Macquarie Research. On Tuesday, June 26 the firm earned “Hold” rating by Goldman Sachs. On Monday, February 5 the rating was maintained by Cowen & Co with “Hold”. On Thursday, June 21 the firm earned “Underperform” rating by Bernstein.

AMCX is reaching $63.28 during the last trading session, after decreased 0.71%.Currently AMC Networks Inc. is uptrending after 12.09% change in last June 27, 2017. AMCX has also 123,594 shares volume. AMCX underperformed the S&P 500 by 0.48%.

AMC Networks Inc. (NASDAQ:AMCX)’s quarterly earnings will be reported on August, 2., Faxor reports. Analysts have anticipation on stock’s EPS of $1.96. That’s up 4.26 % from last year’s $1.88 EPS. If the current EPS of $1.96 is accurate, AMCX’s profit could be $112.62 million. -26.04 % negative EPS growth is what Wall Street’s forecasts after $2.65 reported EPS last quarter.

AMC Networks Inc. owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally.The firm is valued at $3.64 billion. The firm operates in two divisions, National Networks; and International and Other.8.22 is the P/E ratio. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats.

A couple more AMC Networks Inc. (NASDAQ:AMCX) news were brought out by: Seekingalpha.com which released on June 26, 2018 “AMC Networks -2.5% as Goldman goes to Neutral”, also Benzinga.com on June 21, 2018 brought out “AMC Networks Is ‘Amazing’ For The Wrong Reason, Bernstein Says In Downgrade”, the next 247Wallst.com is “Top Analyst Upgrades and Downgrades: AMC Networks, Kinder Morgan, Lam Research, MGM Resorts, Spotify and More” on June 26, 2018. Seekingalpha.com has article titled “SA Interview: Taking Advantage Of Short-Term Volatility With Chad Brand”.

AMC Networks Inc. (NASDAQ:AMCX) Analyst Ratings Chart

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