Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for AMC Networks Inc (NASDAQ: AMCX) weakened of late. AMCX’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 5/10/24, AMC Networks Inc (NASDAQ: AMCX) stock declined by -3.6%, closing at $13.24. Moreover, unusually high trading volume at 167% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 14.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, AMCX is expected to continue to be a major Value Builder.
AMC Networks has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. AMC Networks has a very high Appreciation Score of 91 but a poor Power Rating of 26, resulting in the High Neutral Value Trend Rating.
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