Barrington Sticks to Their Hold Rating for AMC Entertainment (AMC)
In a report released yesterday, Patrick Sholl from Barrington maintained a Hold rating on AMC Entertainment. The company’s shares closed yesterday at $1.15.
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Sholl covers the Communication Services sector, focusing on stocks such as Quinstreet, Cinemark Holdings, and Clear Channel Outdoor. According to TipRanks, Sholl has an average return of 6.8% and a 45.59% success rate on recommended stocks.
Currently, the analyst consensus on AMC Entertainment is a Moderate Sell with an average price target of $1.53.
Based on AMC Entertainment’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.3 billion and a GAAP net loss of $298.2 million. In comparison, last year the company earned a revenue of $1.35 billion and had a GAAP net loss of $20.7 million
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