AMC Entertainment (NYSE:AMC) had its price objective dropped by analysts at MKM Partners to $15.00 in a research note issued on Tuesday, The Fly reports. The firm currently has a “neutral” rating on the stock. MKM Partners’ target price indicates a potential upside of 11.03% from the company’s current price.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of AMC Entertainment from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Bank of America downgraded AMC Entertainment from a “neutral” rating to an “underperform” rating in a research report on Friday, January 25th. Loop Capital initiated coverage on shares of AMC Entertainment in a report on Thursday, January 31st. They issued a “hold” rating and a $15.00 price objective for the company. Wedbush raised shares of AMC Entertainment to a “buy” rating and set a $25.00 price objective on the stock in a research report on Wednesday, October 31st. Finally, B. Riley downgraded AMC Entertainment from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $29.00 to $17.00 in a report on Tuesday, January 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $19.22.
NYSE:AMC opened at $13.51 on Tuesday. The company has a debt-to-equity ratio of 4.27, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $1.65 billion, a P/E ratio of -15.18, a P/E/G ratio of 4.27 and a beta of 0.98. AMC Entertainment has a fifty-two week low of $11.66 and a fifty-two week high of $21.45.
Several hedge funds and other institutional investors have recently bought and sold shares of AMC. Captrust Financial Advisors purchased a new position in AMC Entertainment during the 4th quarter valued at about $44,000. Sun Life Financial INC purchased a new position in AMC Entertainment in the fourth quarter valued at about $69,000. Oppenheimer Asset Management Inc. acquired a new position in shares of AMC Entertainment in the 4th quarter valued at $75,000. NumerixS Investment Technologies Inc acquired a new position in AMC Entertainment during the fourth quarter valued at approximately $97,000. Finally, Hollencrest Capital Management purchased a new stake in AMC Entertainment in the 3rd quarter valued at about $208,000. 37.86% of the stock is currently owned by hedge funds and other institutional investors.
AMC Entertainment Company Profile
AMC Entertainment Holdings, Inc, through its subsidiaries, operates in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of December 31, 2017, it owned, operated, or had interests in 649 theatres with a total of 8,224 screens in the United States; and 365 theatres and 2,945 screens internationally.
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