Morgan Stanley (NYSE:MS) analyst Benjamin Swinburne maintained a Hold rating on Amc Networks Inc. on Tuesday, setting a price target of $27, which is approximately 12.31% above the present share price of $24.04.
Swinburne expects Amc Networks Inc. to post earnings per share (EPS) of -$0.15 for the second quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Hold rating of shares in AMC Networks (NASDAQ:AMCX), with an average price target of $28.
The analysts price targets range from a high of $35 to a low of $23.
In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $785.2 million and a net profit of $159.24 million. The company's market cap is $1.24 billion.
According to TipRanks.com, Morgan Stanley analyst Benjamin Swinburne is a 5-star analyst with an average return of 8.9% and a 56.9% success rate.
AMC Networks, Inc. is a holding company, which engages in owning and management of cable television networks through its subsidiaries. It operates through the National Networks and International and Other segments. The National Networks segment includes activities of AMC Studios operations, AMC Broadcasting and Technology, and national programming networks, namely: AMC, WEtv, BBC AMERICA, IFC, and SundanceTV in the U. S.; and AMC, IFC, and Sundance Channel in Canada. The International and Other segment comprises AMC Networks International (AMCNI), the 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 independent film distribution business; and subscription streaming services, Sundance Now and Shudder. The company was founded by Charles Francis Dolan on March 9, 2011 and is headquartered in New York, NY.
