AMC Networks Inc (NASDAQ:AMCX) a Buy: Albert Fried

In a research note issued to investors, Richard Tullo at Albert Fried Reiterated their Buy rating on AMC Networks Inc (NASDAQ:AMCX). The analyst placed a $97.00 price target on the stock which indicates a 40.34% upside to the last closing price. In the year following Richard’s ratings, the stocks covered yield an average return of -2.6% according to TipRanks.com. In the past year 30 out of 51 recommendations or 59% were successful.

AMC Networks Inc (NASDAQ:AMCX) shares opened the most recent trading session at 74.93 and at the time of writing the last Bid was at N/A. In the current trading session the stock reached as high as 75.42 and dipped down to 74.46. AMC Networks Inc., a NMS listed company, has a current market cap of 5.39B and on average over the past 3 months has seen 636741 shares trade hands on a daily basis.

On a technical level the stock has a 50 Day Moving Average of 70.60. Based on a recent trade, this puts the equity at +6.05% away from that average. In comparing the stock’s current level to its extended history, the stock is trading -3.13% away from it’s 52-week high of 77.30 and +42.01% away from the stock’s low point over the past 52 weeks, which was 52.73. On a consensus basis, analysts have a one year target price of 78.41. The company last reported earnings per share of 3.58.

The consensus analyst estimates according to First Call for the next quarter is 0.98. The current year EPS estimate on the stock is 4.59 and the EPS estimate for next year sits at 5.03. In looking at the fundamentals, AMCX has a P/E ratio of 20.90 and a price to book ratio of N/A. The company’s Book Value is -5.16 and most recently reported EBITDA of 681.28M. The price compared to next year’s EPS estimate in the current year is 14.86.

Company Profile

AMC Networks Inc (AMCX) is a holding company that conducts substantially all of its operations through its subsidiaries. It owns and operates several of cable television’s brands delivering content to audiences. It operates in two segments: National Networks, which includes AMC, WE tv, IFC and Sundance Channel, and International and Other, which includes AMC/Sundance Channel Global, its international programming business; IFC Films, its independent film distribution business, and AMC Networks Broadcasting & Technology, its network technical services business. Its National Networks are distributed throughout the United States through cable and other multichannel video programming distribution platforms, including direct broadcast satellite (DBS) and platforms operated by telecommunications providers. In addition to the Company’s the United States distribution, AMC, IFC and Sundance Channel are available in Canada.