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Momentum Stock Watch: AMC Networks Inc. (AMCX)

-- Sunday, July 12, 2020, 17:16 --

Company Profile:

AMC Networks Inc. owns and operates various cable television’s brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks; and International and Other. The National Networks segment operates five distributed entertainment programming networks under the AMC, WE tv, BBC AMERICA, IFC, and SundanceTV names in high definition and standard definition formats. The International and Other segment delivers entertaining and acclaimed programming services for subscribers in approximately 130 countries and territories. AMC Networks Inc. was founded in 1980 and is headquartered in New York, New York.

Recent News:

M&A reporting outlet CTFN said that AMC Networks was working with Morgan Stanley to explore M&A options, including a potential sale. The news follows similar reports in May, when CTFN said that AMC Networks was looking into selling itself.

The company reported revenues of $734.38 million for the quarter ended March 2020, This compares to year-ago revenues of $784.22 million. Earnings of per share was $1.47 , compared to $2.64 earnings of per share a year ago.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

AMCX’s strengths can be seen in its better growth, strong profitability and better efficiency compared with its peers. Its revenue has increased over recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, MACD is trying to cross back up and the RSI stands at 45.39 with positive bias. We rate AMC Networks Inc. (AMCX) a STRONG BUY.

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