In a report released today, Michael Pachter from Wedbush upgraded AMC Entertainment (NYSE: AMC) to Buy, with a price target of $25. The company’s shares opened today at $16.90.
According to TipRanks.com, Pachter is a 1-star analyst with an average return of -1.0% and a 53.1% success rate. Pachter covers the Services sector, focusing on stocks such as Cinemark Holdings Inc, Pandora Media, and Best Buy Co.
Currently, the analyst consensus on AMC Entertainment is Strong Buy and the average price target is $23.40, representing a 38.5% upside.
In a report released today, Benchmark Co. also upgraded the stock to Buy with a $20 price target.
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The company has a one-year high of $24.20 and a one-year low of $10.80. Currently, AMC Entertainment has an average volume of 1.52M.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock.
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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.
