AMC Networks Inc. Reports Full Year and Fourth Quarter 2016 Results
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February 24, 2017 6:53 AM EST
Guggenheim analyst Michael Morris reiterates Buy rating and raises price target on AMC Networks Inc. (NASDAQ: AMCX) to $70 (from $66), noting the expanded content slate is a clear priority, as the company reported 2016 fourth quarter revenues ahead of estimates, driven by distribution and advertising.
Morris... More
February 24, 2017 6:24 AM EST
Instinet Equity Research analyst Anthony DiClemente reiterates Buy rating and raises price target on AMC Networks Inc. (NASDAQ: AMCX) to $65 (from $63), noting estimates remain stable given steady margins and modest accelerating affiliate growth, as the company reported 2016 fourth quarter EPS above consensus.
DiClemente... More
February 23, 2017 8:01 AM EST
AMC Networks (NASDAQ: AMCX) reported Q4 EPS of $1.30, $0.03 better than the analyst estimate of $1.27. Revenue for the quarter came in at $730 million versus the consensus estimate of $709.83 million.
President and Chief Executive Officer Josh Sapan said: "2016 was a successful year for our company both financially... More
