B.Riley FBR Remains a Hold on AMC Entertainment (AMC)


In a report released today, Eric Wold from B.Riley FBR maintained a Hold rating on AMC Entertainment (AMC), with a price target of $18. The company’s shares closed yesterday at $14.03.

Wold commented:

“After the close on Thursday (2/28), AMC Entertainment Holdings (AMC) reported 4Q18 results that exceeded our and consensus expectations for revenues and adjusted EBITDA. With AMC’s domestic circuit outperforming the overall industry by a robust 340 bps, the focus clearly remains on the ramp of the Stubs A-List subscription program and the potential for it to drive incremental circuit-wide attendance throughout 2019 on an accretive basis for the company. Although the initial signs are pointing in the right direction, we are staying on the conservative side until we have more history and more confidence in the program to be consistently profitable.”

According to TipRanks.com, Wold has 0 stars on 0-5 star ranking scale with an average return of -3.4% and a 37.8% success rate. Wold covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and Red Lion Hotels.

AMC Entertainment has an analyst consensus of Moderate Buy, with a price target consensus of $17.25.

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The company has a one-year high of $20.70 and a one-year low of $11.66. Currently, AMC Entertainment has an average volume of 1.26M.

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AMC Entertainment Holdings, Inc. engages in the theatrical exhibition business through its subsidiaries. It operates through the United States Markets and International Markets segments. The company was founded on June 6, 2007 and is headquartered in Leawood, KS.

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