Seaport Downgrade Drags AMC Networks Stock Price Lower
December 15, 2023
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AMC ($NASDAQ:AMCX) Networks, a media and entertainment company, has seen its stock price take a hit after Seaport Global lowered its rating of the company. This downgrade has dragged the stock price lower, with investors now taking a more cautious approach to the company. AMC Networks is best known for its television networks, which include AMC, BBC America, IFC, SundanceTV, and WE tv. The company also owns streaming services such as Sundance Now and Shudder, as well as international channels in Europe, Latin America, and Asia. In addition to these networks, the company produces feature films via its subsidiaries IFC Films and AMC Networks International.
Price History
On Tuesday, AMC Networks stock experienced a significant stock price drop of 3.5%. The opening price was $16.9 and the closing price was $17.1, much lower than the previous closing price of $17.8. This sharp decrease demonstrates the potential volatility of the stock and the troubling trend of investors’ waning confidence in the company. Despite the drop, AMC Networks remains committed to creating high-quality content and delivering an engaging entertainment experience to its viewers. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Amc Networks. More…
| Total Revenues | Net Income | Net Margin |
| 3k | -27.42 | 13.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Amc Networks. More…
| Operations | Investing | Financing |
| 276.38 | -30 | -101.81 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Amc Networks. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 5.39k | 4.08k | 24.12 |
Key Ratios Snapshot
Some of the financial key ratios for Amc Networks are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.1% | -6.1% | 1.8% |
| FCF Margin | ROE | ROA |
| 7.9% | 3.2% | 0.6% |
Analysis
At GoodWhale, we have conducted an analysis of AMC NETWORKS‘s financials. According to our Star Chart, AMC NETWORKS has an impressive health score of 8/10, indicating that it is likely to be able to navigate any crisis without the risk of bankruptcy. Although AMC NETWORKS is strong in profitability, it appears to be weaker in terms of asset, dividend, and growth. After careful consideration, we classify AMC NETWORKS as a ‘sloth,’ meaning that its revenue or earnings growth has been slower than the overall economy. Given AMC NETWORKS’s financial health and slow-growth profile, we believe that investors seeking stability and low risk will find this company attractive. Investors who are willing to accept moderate levels of risk may also be interested in AMC NETWORKS, as there are still opportunities for growth. Ultimately, however, it is up to each individual investor to assess their own risk tolerance and decide whether the potential returns are worth the associated risks. More…
Peers
AMC Networks Inc is an American entertainment company that owns and operates several cable television channels. The company’s main competitors are Paramount Global, BuzzFeed Inc, and Tv Azteca SAB de CV.
– Paramount Global ($NASDAQ:PARA)
Paramount Global has a market cap of 10.21B as of 2022, a Return on Equity of 12.85%. The company is a diversified holding company with interests in a variety of businesses, including health care, education, and entertainment. Paramount Global is committed to creating shareholder value through the active management of its portfolio companies.
– BuzzFeed Inc ($NASDAQ:BZFD)
BuzzFeed, Inc. is an American internet media and news company based in New York City. The firm is a digital media and technology company with a focus on social media. BuzzFeed was founded in 2006 by Jonah Peretti and John S. Johnson III. The company has raised $496.3 million in venture funding to date.
– Tv Azteca SAB de CV ($OTCPK:AZTEF)
Tv Azteca SAB de CV is a Mexican multimedia company with operations in both the television and radio industries. The company’s market cap as of 2022 is 223.95M, and its Return on Equity is 91.59%. Tv Azteca is one of the largest producers of Spanish-language television programming in the world, and also owns and operates several radio stations in Mexico.
Summary
Despite the recent drop in stock value, analysts remain confident that the company is well-positioned to benefit from a strong industry outlook in the coming years, driven by increased digital streaming viewership. With a diversified portfolio of content and rapidly expanding international presence, investors can expect continued growth opportunities from the company over the long term.
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