Shares of AMC Networks Inc. (NASDAQ:AMCX) traded today at $83.78, eclipsing its 52-week high. Approximately 46.5 million shares have changed hands today, as compared to an average 30-day volume of 521,000 shares.
In the past 52 weeks, AMC Networks Inc. share prices are bracketed by a current low of $19.68 and a high of $72.80 and is now at $38.27.
AMC Networks Inc. (NASDAQ:AMCX) has potential upside of 1.2% based on a current price of $38.27 and analysts' consensus price target of $38.73.
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 78 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 76 million households. IFC mainly shows independent films and alternative comedy series. AMC also operates a number of niche streaming platforms including Acorn (focused on British shows) and Shudder (focused on horror programming). The firm launched AMC+, a streaming platform for its own content in 2020.
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