AMC Entertainment (NYSE:AMC) price target was cut to $1.10 on Citigroup

AMC Entertainment (NYSE:AMC – Rating Received) The target price was cut from $1.20 to $1.10 by equity analysts at Citigroup in a report published on Friday, reports The Fly. Citigroup’s price target indicates a potential downside of 85.60% from the stock’s previous close.

Several other equity analysts have also commented on AMC. MKM Partners lowered its price target on AMC Entertainment to $0.50 in a report Tuesday, September 6th. Goldman Sachs Group lowered its target price on AMC Entertainment to $8.50 and gave the company a neutral rating in a report on Friday, July 29. B. Riley lowered its price target on AMC Entertainment to $7.50 from $11.00 and gave the company a “neutral” rating in a report on Wednesday, October 12. StockNews.com began reporting on AMC Entertainment on Wednesday, October 12th. They gave the company a sell rating. Finally, in a report on Tuesday, March 2nd, Wedbush gave three investment analysts a sell rating and two gave a hold rating to the stock. According to MarketBeat, AMC Entertainment currently has an average rating of Reduce and an average target price of $3.72.

AMC Entertainment shares are up 4.4%

NYSE:AMC opened at $7.64 on Friday. The stock has a 50-day moving average of $6.90 and a 200-day moving average of $5.57. AMC Entertainment has a 52-week low of $5.05 and a 52-week high of $39.33.

Hedge funds influence AMC Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd increased its stake in AMC Entertainment by 417.6% in the first quarter. Covestor Ltd now owns 1,061 shares of the company, valued at $26,000, after purchasing an additional 856 shares last quarter. Allworth Financial LP increased its stake in AMC Entertainment by 46.6% in the second quarter. Allworth Financial LP now owns 2,224 shares of the company’s stock valued at $30,000 after purchasing an additional 707 shares last quarter. San Luis Wealth Advisors LLC bought a new position in AMC Entertainment valued at $31,000 during the first quarter. SJS Investment Consulting Inc. acquired a new stake in AMC Entertainment stock valued at $37,000 during the first quarter. Finally, during Q1, Prospera Financial Services Inc acquired a new stake in AMC Entertainment stock valued at $38,000. 27.73% of the shares are owned by institutional investors.

About AMC Entertainment

(get rating)

AMC Entertainment Holdings, Inc, through its subsidiaries, is engaged in the theatrical exhibition business. The Company owns, operates or has interests in theaters in the United States and Europe. As of March 1, 2022, it operated approximately 950 theaters and 10,600 screens. The company was founded in 1920 and is headquartered in Leawood, Kansas.

Selected items

The Fly logo

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider AMC Entertainment, you should hear this.

MarketBeat tracks Wall Street’s best-in-class, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are softly whispering to their clients to buy now, before the broader market takes hold… and AMC Entertainment wasn’t on the list.

While AMC Entertainment is currently rated a Hold by analysts, top analysts believe these five stocks are better buys.

Check out the five stocks here

Source

Leave a Reply

Your email address will not be published. Required fields are marked *