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 for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.02), Zacks reports.

AMC Entertainment Stock Performance

Shares of AMC stock traded down $0.08 on Tuesday, hitting $3.29. 15,288,731 shares of the company’s stock traded hands, compared to its average volume of 10,913,671. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -2.04 and a beta of 1.88. The company’s fifty day simple moving average is $3.62 and its 200 day simple moving average is $4.27. AMC Entertainment has a one year low of $2.38 and a one year high of $11.88.

Analyst Ratings Changes

AMC has been the subject of a number of recent research reports. StockNews.com upgraded shares of AMC Entertainment to a “sell” rating in a research note on Saturday. Macquarie reaffirmed an “underperform” rating and issued a $4.00 target price on shares of AMC Entertainment in a research note on Wednesday, November 13th. Roth Mkm upgraded shares of AMC Entertainment from a “sell” rating to a “neutral” rating and dropped their target price for the company from $4.00 to $3.25 in a research report on Tuesday, February 4th. Benchmark reissued a “hold” rating on shares of AMC Entertainment in a report on Thursday, November 7th. Finally, B. Riley dropped their price objective on shares of AMC Entertainment from $8.00 to $6.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Four investment analysts have rated the stock with a sell rating and five have given a hold rating to the stock. Based on data from MarketBeat.com, AMC Entertainment presently has a consensus rating of “Hold” and a consensus price target of $4.81.

About AMC Entertainment

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.