Shares of AMC Networks Inc. (NASDAQ:AMCX) traded at a new 52-week high today of $83.78. Approximately 46.5 million shares have changed hands today, as compared to an average 30-day volume of 529,000 shares.
There is potential upside of 6.1% for shares of AMC Networks Inc. based on a current price of $38.68 and an average consensus analyst price target of $41.04.
Over the past year, AMC Networks Inc. has traded in a range of $19.68 to $72.80 and is now at $38.68.
AMC Networks owns several cable networks, including flagship AMC, WE tv, BBC America, IFC, and SundanceTV. AMC, the most widely distributed channel, reaches more than 89 million pay-TV households in the U.S. Over the last decade, AMC shifted its focus to original scripted programming from classic movies. WE tv targets a female audience and reaches roughly 85 million households. IFC mainly shows independent films and alternative comedy series. The company acquired its newest channel, BBC America, in October 2014.
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