AMC Entertainment (NYSE:AMC) Upgraded at Zacks Research

Zacks Research upgraded shares of AMC Entertainment (NYSE:AMC) from a hold rating to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

A number of other research analysts have also recently issued reports on the company. Wall Street Zen upgraded AMC Entertainment from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 16th. Weiss Ratings reiterated a “sell (e+)” rating on shares of AMC Entertainment in a research report on Wednesday, October 8th. Wedbush upgraded AMC Entertainment from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $3.00 to $4.00 in a research report on Friday, July 11th. Finally, Citigroup lifted their target price on AMC Entertainment from $2.60 to $2.70 and gave the company a “sell” rating in a research report on Tuesday, August 19th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $3.33.

AMC Entertainment Stock Down 1.6%

AMC stock opened at $2.69 on Wednesday. The company has a market cap of $1.38 billion, a PE ratio of -3.02 and a beta of 1.25. The business has a 50-day simple moving average of $2.86 and a 200 day simple moving average of $2.97. AMC Entertainment has a 52 week low of $2.45 and a 52 week high of $5.56.

AMC Entertainment (NYSE:AMC) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.36). The company had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business posted ($0.43) earnings per share. The firm’s quarterly revenue was up 35.6% compared to the same quarter last year. On average, analysts anticipate that AMC Entertainment will post -1.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Citizens Financial Group Inc. RI acquired a new position in shares of AMC Entertainment in the third quarter valued at approximately $34,000. Red Door Wealth Management LLC acquired a new position in shares of AMC Entertainment in the third quarter valued at approximately $79,000. Total Investment Management Inc. acquired a new position in shares of AMC Entertainment in the second quarter valued at approximately $27,000. Pitcairn Co. acquired a new position in shares of AMC Entertainment in the second quarter valued at approximately $34,000. Finally, Headlands Technologies LLC acquired a new position in shares of AMC Entertainment in the second quarter valued at approximately $447,000. Institutional investors and hedge funds own 28.80% of the company’s stock.

About AMC Entertainment

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.