Why AMC Networks Inc. (NASDAQ:AMCX) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $70.56 on AMC Networks Inc. (NASDAQ:AMCX) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.60 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of AMC Networks Inc. (NASDAQ:AMCX) stands at 11.42.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For AMC Networks Inc., the PEG ratio for coming 3-5 years is 1.43.

Technical Analysis

The technical analysis highlights that AMC Networks Inc. current is trading $-0.49 points away or -0.89% from its 50-day moving average of $55.36. Further it is trading $-6.81 or -11.04% away its 200-day moving average of $61.68.

The 52-week high of AMC Networks Inc. (NASDAQ:AMCX) was $83.78 while lowest point recorded in 52-week was $52.41. It implies if stock price makes a movement of over $-28.91, it will record a new 52-week high. In the case of +4.69% drop, it will touch a new 52-week low.

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