Analyst Update: AMC Networks, Netflix, Take-Two

Analysts adjusted their ratings on AMCX, NFLX, and TTWO

Dec 22, 2014 at 12:55 PM
facebook X logo linkedin

Analysts are weighing in today on media companies AMC Networks Inc (NASDAQ:AMCX) and Netflix, Inc. (NASDAQ:NFLX), as well as video game maker Take-Two Interactive Software, Inc. (NASDAQ:TTWO). Here's a quick look at today's brokerage notes on AMCX, NFLX, and TTWO.

  • Pacific Crest initiated coverage on several entertainment stocks last evening, one of which was AMCX. The brokerage firm started the equity with a favorable "outperform" rating, stating that, out of the companies it began coverage on, AMC Networks Inc has "the most potential upside." The positive note prompted a modest increase for the shares today. AMCX's current price of $62.60 is still 8% below its year-to-date breakeven mark, and analysts are split in their opinions. Specifically, half of the covering firms issue "strong buy" recommendations, and the other half maintain "hold" ratings. There's no ambiguity in AMCX's options pits, however, as its 50-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) call/put volume ratio of 2.05 sits in its 97th annual percentile. This reading suggests that calls have been bought to open over puts at a faster rate only 3% of the time in the past year.

  • Meanwhile, NFLX saw its price target lowered to $494 from $511 at Topeka Capital Markets, which also softened its fourth-quarter and 2015 earnings estimates. However, the firm maintained its "buy" endorsement on the shares, which have dropped 1.4% today to trade at $335.54. The move puts Netflix, Inc. 8.9% below its year-to-date breakeven level. Elsewhere, sentiment in the analyst community is mixed, with the stock receiving 14 "buy" or better ratings, 14 "holds," and two "sell" or worse recommendations. Speculators are looking to the upside, though, as NFLX's 50-day ISE/CBOE/PHLX call/put volume ratio of 1.05 ranks in the 94th percentile of its annual range.

  • TTWO today hit a nine-year high of $28.83, after Wedbush raised its price target by $5 to $24, but reaffirmed its tepid "neutral" note. The stock was last seen 1.7% higher at $28.60, which is nothing new, considering its 64.7% increase in 2014. Regardless, five of the 12 brokerage firms covering Take-Two Interactive Software, Inc. deem it just a "hold," with the seven remaining analysts issuing "strong buy" ratings. There's still plenty of buying power on the sidelines, too, with over 18% of TTWO's float sold short. It would take short sellers over two weeks to buy back their bets, at the security's average daily trading pace.

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI