AMC Entertainment (NYSE:AMC) Issues Quarterly Earnings Results

AMC Entertainment (NYSE:AMC) issued its earnings results on Tuesday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.02), Zacks reports.

AMC Entertainment Stock Down 2.2 %

AMC stock traded down $0.08 during trading on Tuesday, hitting $3.29. The company had a trading volume of 15,288,731 shares, compared to its average volume of 10,913,671. AMC Entertainment has a 12 month low of $2.38 and a 12 month high of $11.88. The firm has a 50-day moving average price of $3.62 and a 200-day moving average price of $4.27. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of -2.04 and a beta of 1.88.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on AMC. B. Riley decreased their target price on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Benchmark reiterated a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Roth Mkm upgraded AMC Entertainment from a “sell” rating to a “neutral” rating and lowered their target price for the company from $4.00 to $3.25 in a research note on Tuesday, February 4th. Macquarie reiterated an “underperform” rating and issued a $4.00 price target on shares of AMC Entertainment in a research note on Wednesday, November 13th. Finally, StockNews.com upgraded AMC Entertainment to a “sell” rating in a research note on Saturday. Four research analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $4.81.

AMC Entertainment Company Profile

AMC Entertainment Holdings, Inc, through its subsidiaries, engages in the theatrical exhibition business. It owns, operates, or has interests in theatres in the United States and Europe. The company was founded in 1920 and is headquartered in Leawood, Kansas.