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AMC Entertainment Holdings stock price
AMC Entertainment Holdings latest news:
AMC stock downgraded, as analyst says 2018 box office revenue could be flat
Shares of theater chain AMC Entertainment Holding Inc. were down more than 2% in premarket trade on Wednesday after being downgraded to sector perform from outperform at RBC Capital Markets. RBC analysts wrote in a note that their tepid view of the 2018 box office and AMC's high leverage make for a challenging combination for the company. "We'd likely get more bullish on AMC if the box office outlook (given its leverage) and, or there was traction on the international IPO," lead analyst Leo Kulp wrote. "As was evidenced in 2017, AMC's leverage makes it very susceptible to changes in multiple. We estimate a one point EV/EBITDA multiple change has a 36% impact on the stock price. While this is a positive in an up year for the box office, the uncertainty around the 2018 box office makes us more conservative." Kulp expects that the 2018 box office will be flat compared with 2017, which was down slightly from the last two years. They said they see fewer big event films being released this year, and instead more non-sequel content, which could be a negative or a positive depending on how the shift in the box office is received. Shares of AMC have declined more than 59% in the last 12 months, while the S&P 500 index is up more than 21% and the Dow Jones Industrial Average is up nearly 28%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Amc Entertainment Holdings Signed Non-Binding Memorandum Of Understanding With Public Investment Fund Of Saudi ...
Amc Entertainment Holdings Inc: * AMC ENTERTAINMENT HOLDINGS INC - SIGNED NON-BINDING MEMORANDUM OF UNDERSTANDING WITH PUBLIC INVESTMENT FUND OF SAUDI ARABIA Source text for Eikon: Further company coverage:
BRIEF-Amc Entertainment CEO Adam Aron-Co Was Approached 6 Times In Last 90 Days To Make Major Investments Or To Buy ...
Amc Entertainment Holdings Inc: * AMC ENTERTAINMENT CEO ADAM ARON-CO WAS APPROACHED 6 TIMES IN LAST 90 DAYS TO MAKE MAJOR INVESTMENTS OR TO BUY SIGNIFICANT CHUNK OF THEATRE NETWORK- CNBC Further company coverage:
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