Guggenheim cuts AMCX, VIA, DIS as TV shed subscribers [Seeking Alpha]
AMC Networks Inc. - Class A (AMCX)
Last amc networks inc. - class a earnings: 2/26 07:00 am
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investors.amcnetworks.com/investor-relations
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Source: Seeking Alpha
Guggenheim cuts AMCX, VIA, DIS as TV shed subscribersIn a week growing tough for media stocks, Guggenheim has cut ratings on AMC Networks (AMCX-6.8%), Viacom (VIA-3.4%,VIAB-2.5%) and Disney (DIS-1.6%) amid talk of hot competition in an environment where pay TV continues to lose subscribers (seeAT&T's preliminary announcement, for example).The firm's cut its Buy rating on all three to Neutral. With regard to AMC, it's cautious on ad growth and expects digital video competitors to amp up competition; the firm trimmed its price target to $60 from $73, implying 11.6% upside from here.Viacom is faces challenges from fees getting revised downward and carriage losses, and Guggenheim notes its channels aren't on Hulu, YouTube or Sony Vue. It's cut that price target to $25 from $37; shares closed at $24.57 today.As for Disney, recent trends in domestic subscribers and advertising have been weak, and investors may look down on initial investments and long lead times in the company's direct-to-c
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AMCX
News
- Ateliere Expands World-Class Leadership Team with the Appointment of Zeenal Thakare [Yahoo! Finance]Yahoo! Finance
- MEDIAGENIX Plans U.S. Expansion with Deal for a Media Program Management Solution [Yahoo! Finance]Yahoo! Finance
- AMC Networks To Add Cheaper, Ad-Supported Subscription Tiers Across Its Full Streaming Portfolio [Yahoo! Finance]Yahoo! Finance
- MEDIAGENIX Acquires Media Program Management Solution from Broadcast AdTech Leader, Expands Footprint in North America [Yahoo! Finance]Yahoo! Finance
- Investors in AMC Networks (NASDAQ:AMCX) have unfortunately lost 81% over the last five years [Yahoo! Finance]Yahoo! Finance
AMCX
Earnings
- 2/9/24 - Beat
AMCX
Sec Filings
- 4/10/24 - Form 8-K
- 4/1/24 - Form 4
- 4/1/24 - Form 4
- AMCX's page on the SEC website