AMC Entertainment (NYSE:AMC) Target Lowered by Imperial Capital to $4.00

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AMC Entertainment stock has undergone multiple analysts rating changes in the recent past.  AMC Entertainment stock Target Lowered by   Imperial Capital on 6/30/2020. In a note to investors, the firm issued a new target price of $4.00. The analysts previously had $6.00 target price. Imperial Capital’s price target would indicate a potential upside of -9.50% from the stock’s previous close.

Shares of AMC Entertainment traded down -$0.17 on Tuesday, reaching $4.25. 1699308 shares of the stock traded hands, compared to its average volume of 7212428. Shares of were trading at $4.25 on Tuesday. The firm’s 50 day moving average is $$4.82 and its 200 day moving average is $6.58.AMC Entertainment  has a 12 month low of $4.21 and a 12 month high of $12.49. While on yearly highs and lows, AMC Entertainment today has traded high as $4.36 and has touched $4.21 on the downward trend.

AMC Entertainment Earnings and What to expect: 

AMC Entertainment last issued its quarterly earnings results on June 9th, 2020. The reported ($2.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.16) by $0.06. The firm had revenue of $941.50 million for the quarter, compared to the consensus estimate of $947.06 million. Its revenue was down 21.5% compared to the same quarter last year. AMC Entertainment has generated ($1.08) earnings per share over the last year. AMC Entertainment has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, August 13th, 2020 based off prior year’s report dates.

Earnings for AMC Entertainment are expected to grow in the coming year, from ($9.09) to ($2.26) per share. The P/E ratio of AMC Entertainment is -0.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of AMC Entertainment is -0.20, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. AMC Entertainment has a P/B Ratio of 0.37. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 2.50%
  • On 5/15/2019 Director Raymond C Stachowiak Buy 160,559 at average share price of $2.73 which equates to $438,326.07 in money value.
  • On 3/1/2019 EVP John D Mcdonald Sell 7,500 at average price of  $15.75 with total value of : Not Data Available
  • On 10/15/2018 EVP John D Mcdonald Sell 17,500 at average price of  $18.70 with total value of : $327,250.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for AMC Entertainment

  • 6/29/2020 – AMC Entertainment was downgraded by analysts at Credit Suisse Group AG from a “neutral” rating to an “underperform” rating. They now have a $2.00 price target on the stock, down previously from $4.00.
  • 6/17/2020 – AMC Entertainment had its price target lowered by analysts at Zacks Investment Research to $4.00.
  • 6/17/2020 – AMC Entertainment had its price target raised by analysts at Citigroup Inc to $4.00. They now have a “sell” rating on the stock.
  • 6/11/2020 – AMC Entertainment had its price target raised by analysts at Imperial Capital from $4.00 to $6.00. They now have an “in-line” rating on the stock.
  • See More Analyst Rating at: RATING

Other rating updates by Imperial Capital: 

  • 6/29/2020 – Discovery Communications had its price target lowered by analysts at Imperial Capital from $32.00 to $30.00. They now have an “outperform” rating on the stock.
  • 6/23/2020 – Continental Resources had its price target raised by analysts at Imperial Capital from $14.00 to $18.00. They now have an “in-line” rating on the stock.
  • 6/23/2020 – Ambarella is now covered by analysts at Imperial Capital. They set an “outperform” rating and a $58.00 price target on the stock.
  • 6/22/2020 – Walt Disney had its “sell” rating re-affirmed by analysts at Imperial Capital. They now have a $105.00 price target on the stock.
  • See More Analyst Rating at: RATING

AMC Entertainment (NYSE:AMC) Moving Average Technical Analysis

5 day Moving Average is $$4.39 And 5 day price change is -$0.80 (-15.65%)  with average volume for 5 day average is 6,491,778. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $5.34 and 20 day price change is -$1.29 (-23.04%) and average 20 day moving volume is 7,840,765. 50 day moving average is $4.82  and 50 day price change is $1.12 ( 35.29%)  and with average volume for 50 days is : 9,565,972. 200 day moving average is $6.58  and 200 day price change is -$7.66 (-64.03%)  and with average volume for 200 days is : 5,480,067.

See More Analyst Rating at: RATING