AMC Networks Gets a Hold Rating from Guggenheim

By Austin Angelo

Guggenheim analyst Michael Morris reiterated a Hold rating on AMC Networks (NASDAQ: AMCX) yesterday and set a price target of $54. The company’s shares closed yesterday at $50.51.

According to TipRanks.com, Morris is a 4-star analyst with an average return of 9.0% and a 54.2% success rate. Morris covers the Services sector, focusing on stocks such as Madison Square Garden Co, Charter Communications, and MSG Networks Inc.

AMC Networks has an analyst consensus of Hold, with a price target consensus of $59.

AMC Networks’ market cap is currently $3.17B and has a P/E ratio of 9.96. The company has a book value ratio of 58.2577.

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AMC Networks, Inc. is a holding company that owns and operates cable television networks through its subsidiaries. It operates through National Networks and International & Other segments. The National Networks segment principally includes four nationally distributed programming networks: AMC, WE tv, IFC and SundanceTV.