Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Media industry lower today making it today's featured Media laggard. The industry as a whole closed the day down 0.1%. By the end of trading, AMC Networks fell $0.77 (-1.1%) to $67.65 on average volume. Throughout the day, 662,321 shares of AMC Networks exchanged hands as compared to its average daily volume of 775,000 shares. The stock ranged in price between $67.23-$69.10 after having opened the day at $68.91 as compared to the previous trading day's close of $68.42. Other companies within the Media industry that declined today were:
), down 6.6%,
), down 5.5%,
), down 4.7% and
), down 4.0%.
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AMC Networks Inc. owns and operates various cable television's brands delivering content to audiences, and a platform to distributors and advertisers in the United States and internationally. The company operates in two segments, National Networks, and International and Other. AMC Networks has a market cap of $4.2 billion and is part of the services sector. Shares are up 0.5% year to date as of the close of trading on Wednesday. Currently there are 8 analysts that rate AMC Networks a buy, no analysts rate it a sell, and 4 rate it a hold.
TheStreet Ratings rates
. Among the areas we feel are negative, one of the most important has been weak operating cash flow.
- You can view the full AMC Networks Ratings Report.
On the positive front,
), up 8.2%,
), up 5.8%,
), up 5.6% and
), up 3.5% , were all gainers within the media industry with
) being today's featured media industry leader.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider
) while those bearish on the media industry could consider
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