AMC Networks (AMCX) was downgraded to a Hold Rating at Seaport Global
AMC Networks received a Hold rating and price target from Seaport Global analyst David Joyce yesterday.
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Joyce covers the Communication Services sector, focusing on stocks such as TKO Group Holdings, Netflix, and AMC Networks. According to TipRanks, Joyce has an average return of 16.0% and a 63.91% success rate on recommended stocks.
Currently, the analyst consensus on AMC Networks is a Hold with an average price target of $6.50.
Based on AMC Networks’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $561.74 million and a net profit of $76.53 million. In comparison, last year the company earned a revenue of $599.61 million and had a net profit of $41.38 million
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