Credit Suisse Downgrades AMC Entertainment Holdings Inc to Underperform

Brokerage firm Credit Suisse Downgrades its rating on AMC Entertainment Holdings Inc(AMC). The shares have been rated Underperform. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Credit Suisse was issued on Mar 15, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 1, 2017, Credit Suisse said it Downgrades its rating on AMC Entertainment Holdings Inc. The shares have been rated ‘Neutral’ by the firm.

AMC Entertainment Holdings Inc (AMC) made into the market gainers list on Fridays trading session with the shares advancing 1.32% or 0.4 points. Due to strong positive momentum, the stock ended at $30.6, which is also near the day’s high of $30.7. The stock began the session at $30.3 and the volume stood at 17,59,563 shares. The 52-week high of the shares is $35.65 and the 52 week low is $25.75. The company has a current market capitalization of $4,004 M and it has 13,08,53,567 shares in outstanding.

AMC Entertainment Holdings Inc(AMC) last announced its earnings results on Feb 28, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $926.096M. Analysts had an estimated revenue of $904.780M. Earnings per share were $0.42. Analysts had estimated an EPS of $0.18.

Several Insider Transactions has been reported to the SEC. On Feb 13, 2017, Adam M Aron (CEO) purchased 31,747 shares at $31.50 per share price.Also, On Mar 17, 2016, Howard Winchel Jr Koch (director) sold 2,000 shares at $29.08 per share price.On Mar 16, 2016, Stephen A Colanero (EVP, CHIEF MARKETING OFFICER) sold 1,250 shares at $29.12 per share price, according to the Form-4 filing with the securities and exchange commission.

AMC Entertainment Holdings Inc. is a holding company. The Company through its subsidiaries including AMC Entertainment Inc. (AMCE) and American Multi-Cinema Inc. (OpCo) is engaged in the theatrical exhibition business. The Company owns operates or holds interests in approximately 380 theatres with a total of over 5260 screens which are located in the United States. It offers a range of food and beverage items which include popcorn; soft drinks; candy; hot dogs; specialty drinks including premium beers wine and mixed drinks and made to order hot foods including menu choices such as curly fries chicken tenders and mozzarella sticks. The Company has implemented dine-in theatre concepts including AMC Red Kitchen at approximately 16 locations which features kitchen facilities seat-side servers and a separate bar and lounge area. The Company licenses first-run films from distributors owned by film production companies and from independent distributors.

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