AMC Entertainment (AMC) Gets a Buy Rating from Barrington

Barrington analyst James Goss maintained a Buy rating on AMC Entertainment (AMC) today. The company’s shares closed last Monday at $9.75, close to its 52-week low of $8.73.

According to TipRanks.com, Goss is a 4-star analyst with an average return of 6.5% and a 53.3% success rate. Goss covers the Services sector, focusing on stocks such as Lions Gate Ent Corp Cl A, Nexstar Media Group Inc, and Sirius XM Holdings Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for AMC Entertainment with a $15.63 average price target, representing a 59.2% upside. In a report issued on October 15, Macquarie also maintained a Buy rating on the stock with a $16.00 price target.

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Based on AMC Entertainment’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $49.4 million. In comparison, last year the company had a GAAP net loss of $100 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.