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RLJE

RLJ Entertainment

$2.00

0.03 (1.52%)

, AMCX

AMC Networks

$48.58

0.32 (0.66%)

07:48
10/17/16
10/17
07:48
10/17/16
07:48

AMC finalizes partnership deal with RLJ Entertainment, Variety reports

AMC Networks (AMCX) has finalized a partnership agreement with RLJ Entertainment (RLJE) via which AMC will get the right to acquire as much as half of the company and will provide RLJ with $65M in loans, reported Variety. RLJ's Robert Johnson, the founder of BET Networks, told Variety that the "capital infusion will allow us to continue to grow the value of our businesses [and] gives us the potential to develop other opportunities in digital." As previously reported on August 22, RLJ had disclosed the investment agreement with AMC Networks. Reference Link

RLJE

RLJ Entertainment

$2.00

0.03 (1.52%)

AMCX

AMC Networks

$48.58

0.32 (0.66%)

  • 03

    Nov

RLJE RLJ Entertainment
$2.00

0.03 (1.52%)

AMCX AMC Networks
$48.58

0.32 (0.66%)

09/15/16
09/15/16
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. AMC Networks (AMCX) downgraded to Hold from Buy at Stifel with analyst Benjamin Mogil citing weak industrywide ad trends for scripted shows after their first year. 2. Atara Biotherapeutics (ATRA) downgraded to Sell from Neutral at Goldman with analyst Salveen Richter saying there are no major pipeline catalysts until late 2017. 3. Helmerich & Payne (HP) downgraded to Hold from Buy at Argus with analyst Bill Selesky saying that the company is increasingly relying on lower priced spot contracts rather than higher priced term contracts. 4. Cognizant (CTSH) downgraded to Neutral from Buy at Goldman with analyst James Schneider saying cyclical headwinds in the company's Financials and Healthcare units will persist through the first ha lf of 2017. 5. Penske Automotive (PAG) downgraded to Hold from Buy at Gabelli citing the recent strength in shares. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/06/16
FBNS
10/06/16
INITIATION
Target $69.24
FBNS
Outperform
AMC Networks initiated with an Outperform at FBN Securities
FBN Securities analyst Robert Routh initiated AMC Networks (AMCX) with an Outperform rating and a fair value estimate of $69.24. Routh calls AMC Networks "very attractive" as a possible takeover target, as he believes it could fit well with either the soon-to-be-combined Lionsgate (LGF)-Starz (STRZA) or with AT&T's (T) DTV division. Routh added that reports have indicated that AT&T is looking to grow its portfolio of TV content through deals.
10/06/16
10/06/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Boeing (BA) initiated with an Outperform at Baird. 2. AMC Networks (AMCX) initiated with an Outperform at FBN Securities. 3. CVS Health (CVS) initiated with a Buy at UBS. 4. L-3 Communications (LLL) initiated with an Outperform at Baird. 5. Raytheon (RTN) initiated with an Outperform at Baird. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/07/16
LOOP
10/07/16
NO CHANGE
Target $58
LOOP
Hold
AMC Networks estimates lowered at Loop Capital
Loop Capital analyst David Miller estimates AMC Networks' Q3 advertising revenues to be down 4% year-over-year and lowered his EPS forecast to 96c from $1.09, mainly citing "tepid audience deliveries" for "Fear the Walking Dead" and "Feed the Beast," which he notes has already been canceled. The analyst, who continues to view AMC as secularly challenged and with no case for multiple expansion, cut his price target on the stock to $58 from $60 and keeps a Hold rating on the shares.

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LPI

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