Wedbush Upgrades AMC Entertainment (AMC) to Buy


AMC Entertainment (AMC) received a Buy rating and a $20 price target from Wedbush analyst Michael Pachter today. The company’s shares opened today at $13.79.

According to TipRanks.com, Pachter is a 3-star analyst with an average return of 0.6% and a 52.9% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, National Cinemedia, and Amazon.com Inc.

Currently, the analyst consensus on AMC Entertainment is a Strong Buy with an average price target of $20.20.

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Based on AMC Entertainment’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $171 million. In comparison, last year the company had a net profit of $17.7 million.

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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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