Cowen & Co. Reiterates a Hold Rating on AMC Networks

By Ryan Adsit

Cowen & Co. analyst Doug Creutz reiterated a Hold rating on AMC Networks (NASDAQ: AMCX) today and set a price target of $63. The company’s shares closed on Friday at $51.08.

According to TipRanks.com, Creutz is a 5-star analyst with an average return of 28.1% and a 68.5% success rate. Creutz covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Scripps Networks, and 21st Century Fox.

AMC Networks has an analyst consensus of Hold, with a price target consensus of $61.50.

Based on AMC Networks’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $648 million and quarterly net profit of $87 million. In comparison, last year the company earned revenue of $730 million and had a net profit of $14.5 million.

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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.