AMC Entertainment Holdings Inc (AMC) Receives $24.10 Average PT from Brokerages

Shares of AMC Entertainment Holdings Inc (NYSE:AMC) have earned a consensus recommendation of “Hold” from the seventeen research firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $24.10.

Several brokerages have weighed in on AMC. Zacks Investment Research raised AMC Entertainment from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. B. Riley reiterated a “buy” rating and issued a $30.00 target price on shares of AMC Entertainment in a report on Monday, January 22nd. Wedbush set a $21.00 target price on shares of AMC Entertainment and gave the company a “buy” rating in a report on Wednesday, November 1st. Finally, Credit Suisse Group dropped their target price on shares of AMC Entertainment from $12.00 to $10.00 and set an “underperform” rating for the company in a report on Tuesday, November 7th.

A number of hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. boosted its stake in shares of AMC Entertainment by 8.3% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,845 shares of the company’s stock valued at $110,000 after purchasing an additional 372 shares in the last quarter. NJ State Employees Deferred Compensation Plan bought a new stake in shares of AMC Entertainment during the third quarter valued at approximately $147,000. Deprince Race & Zollo Inc. bought a new stake in shares of AMC Entertainment during the fourth quarter valued at approximately $151,000. Financial Consulate Inc. bought a new stake in shares of AMC Entertainment during the third quarter valued at approximately $162,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of AMC Entertainment during the fourth quarter valued at approximately $275,000. 47.62% of the stock is owned by institutional investors.

AMC Entertainment (NYSE AMC) traded down $0.30 during mid-day trading on Tuesday, reaching $13.45. The company’s stock had a trading volume of 2,095,545 shares, compared to its average volume of 1,993,162. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 2.01. The company has a market cap of $1,735.18, a PE ratio of -10.51 and a beta of 1.10. AMC Entertainment has a 1 year low of $10.80 and a 1 year high of $32.10.

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AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc is a holding company. The Company, through its subsidiaries, including AMC Entertainment Inc (AMCE), American Multi-Cinema, Inc (OpCo) and its subsidiaries, is engaged in the theatrical exhibition business. It operates through theatrical exhibition operations segment. It licenses first-run motion pictures from distributors owned by film production companies and from independent distributors.

Analyst Recommendations for AMC Entertainment (NYSE:AMC)

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