Stifel Nicolaus initiated coverage of AMC Networks (AMCX) with a rating of Sell and a price target of $30. The shares recently traded at $34.03, down $0.32, or 1.1%, ont he day. The shares have traded in a 52-week range of $29.66 to $44.21 and its market capitalization is $2.43 billion. About the company: AMC Networks Inc., formerly Rainbow Media Holdings, is engaged in producing programmes and movie content. The Company owns and operates a number of brands in cable television, including AMC, IFC, Sundance Channel, WE tv and IFC Films. The Company also operates AMC/Sundance Channel Global, an international programming business, and AMC Networks Broadcasting & Technology, a full-service network programming feed origination and distribution company. On June 30, 2011, the Company completed its spin-off from Cablevision Systems Corporation.
(Note: Stock ratings are sourced from Briefing.com via the Wall St. Journal. Selected financial data are sourced from Google Finance. All data are assumed to be accurate.)
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