AMC Entertainment (AMC) Received its Third Buy in a Row

After B.Riley FBR and Barrington gave AMC Entertainment (NYSE: AMC) a Buy rating last month, the company received another Buy, this time from Wedbush. Analyst Michael Pachter upgraded AMC Entertainment to Buy today and set a price target of $15. The company’s shares opened today at $9.39, close to its 52-week low of $8.73.

According to TipRanks.com, Pachter is a 3-star analyst with an average return of 0.8% and a 52.3% 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 Moderate Buy with an average price target of $15.79, representing a 68.2% upside. In a report issued on July 9, Imperial Capital also maintained a Buy rating on the stock with a $23 price target.

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The company has a one-year high of $20.70 and a one-year low of $8.73. Currently, AMC Entertainment has an average volume of 2.15M.

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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.