Report
Neil Macker
EUR 147.86 For Business Accounts Only

AMC’s growth potential depends on its ability to source and cultivate strong original content.

AMC Networks posted an inline second quarter as revenue and EBITDA came in close to projections. Strong affiliate fee and advertising growth at National Networks drove the top-line growth of 14%. We are maintaining our narrow moat rating but lowering our fair value estimate to $77 from $83 to account for lower international growth expectations and slower margin expansion. With shares trading in 4-star territory, the current price may provide investors with an attractive entry point.
National Net...
Underlying
AMC Networks Inc. Class A

AMC Networks is a holding company. Through its subsidiaries, the company is engaged in owning and operating entertainment businesses and assets. The company's operating segments are: National Networks, which includes activities of the company's programming businesses, which include programming networks such as AMC, WE tv, BBC AMERICA, IFC, and SundanceTV in the U.S., and AMC and IFC in Canada; and International and Other, which includes AMC Networks International, the company's international programming businesses consisting of a portfolio of channels; IFC Films, the company's independent film distribution business, and its subscription streaming services Acorn TV and UMC, Shudder and Sundance Now.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Neil Macker

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