AMC Price Target Raised, Sell Rating Affirmed at Citi

The Street2021-05-26

AMC stock has more than tripled in the past six months as the Reddit crowd has gone gaga for the theater chain. AMC Entertainment (AMC) -Get Report shares soared after Citi analyst Jason Bazinet ...

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Comments

sean00000000
2021-05-26
sean00000000
Out of amc fast, its a trap!
名字真难起
2021-05-26
名字真难起
Lik and comment
Ak91
2021-05-26
Ak91
Lik and comment
- BK_001:
  Good
- Maskcollect:
  ???
- Ak91:
  Ok
- Ak91:
  Ok
lizzy04
2021-05-26
lizzy04
That's crazy
- Zeruel:
  ?
EY12
2021-05-26
EY12
Like & comment
- blahblah:
  okay
- 名字真难起:
  Ok
- EY12:
  hi
KW1
2021-05-26
KW1
Buy amc
- JooL:
  [Love you][Smart]

Leave a comment

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crazy","listText":"That's crazy","text":"That's crazy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/136396855","repostId":1159103819,"repostType":4,"repost":{"id":"1159103819","pubTimestamp":1621990785,"share":"https://www.laohu8.com/m/news/1159103819?lang=&edition=full","pubTime":"2021-05-26 08:59","market":"us","language":"en","title":"AMC Price Target Raised, Sell Rating Affirmed at Citi","url":"https://stock-news.laohu8.com/highlight/detail?id=1159103819","media":"The Street","summary":"AMC stock has more than tripled in the past six months as the Reddit crowd has gone gaga for the the","content":"<blockquote>\n AMC stock has more than tripled in the past six months as the Reddit crowd has gone gaga for the theater chain.\n</blockquote>\n<p>AMC Entertainment&nbsp;(<b>AMC</b>) -Get Report&nbsp;shares soared after Citi analyst Jason Bazinet nearly doubled his price target on the world’s biggest movie theater chain to $3.70 from $2.</p>\n<p>To be sure, he kept his sell rating.</p>\n<p>AMC recently traded at $16.23, up 19%. The stock has more than tripled (up 236%) in the past six months, as the Reddit crowd has gone gaga over the meme company.</p>\n<p>As for Bazinet, he said AMC remains overvalued, Bloomberg reports. The company's \"elevated leverage [represents] an added risk to an uncertain recovery,\" he said.</p>\n<p>AMC got hammered by the pandemic, which still is limiting attendance at its theaters. But the stock price surge has enabled it to raise capital cheaply.</p>\n<p>In other AMC news,its British cinemas last week recorded their busiest weekof ticket sales since the pandemic began, offsetting the departure of a key investor in the company.</p>\n<p>AMC said its largest shareholder, China-based Wanda Group, had sold its stake in the group \"through normal open market trading to a widely dispersed array of buyers on the New York Stock Exchange.\"</p>\n<p>AMC's U.S. prospects heading into the Memorial Day weekend are also looking brighter, with domestic coronavirus cases falling and vaccinations rising.</p>\n<p>AMC shares gained last Tuesdayalongside other meme stocks as day traders renewed their bets on shares of companies they feel they can collectively move higher.</p>\n<p>On May 13,AMC said it completed an offeringof 43 million shares. The offering brought AMC $428 million of new capital, before commissions and fees, at an average price of $9.94 a share.</p>","source":"lsy1610613172068","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>AMC Price Target Raised, Sell Rating Affirmed at Citi</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAMC Price Target Raised, Sell Rating Affirmed at Citi\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-26 08:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/amc-price-target-raised-sell-rating-affirmed-at-citi><strong>The Street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC stock has more than tripled in the past six months as the Reddit crowd has gone gaga for the theater chain.\n\nAMC Entertainment (AMC) -Get Report shares soared after Citi analyst Jason Bazinet ...</p>\n\n<a href=\"https://www.thestreet.com/investing/amc-price-target-raised-sell-rating-affirmed-at-citi\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://www.thestreet.com/investing/amc-price-target-raised-sell-rating-affirmed-at-citi","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159103819","content_text":"AMC stock has more than tripled in the past six months as the Reddit crowd has gone gaga for the theater chain.\n\nAMC Entertainment (AMC) -Get Report shares soared after Citi analyst Jason Bazinet nearly doubled his price target on the world’s biggest movie theater chain to $3.70 from $2.\nTo be sure, he kept his sell rating.\nAMC recently traded at $16.23, up 19%. The stock has more than tripled (up 236%) in the past six months, as the Reddit crowd has gone gaga over the meme company.\nAs for Bazinet, he said AMC remains overvalued, Bloomberg reports. The company's \"elevated leverage [represents] an added risk to an uncertain recovery,\" he said.\nAMC got hammered by the pandemic, which still is limiting attendance at its theaters. But the stock price surge has enabled it to raise capital cheaply.\nIn other AMC news,its British cinemas last week recorded their busiest weekof ticket sales since the pandemic began, offsetting the departure of a key investor in the company.\nAMC said its largest shareholder, China-based Wanda Group, had sold its stake in the group \"through normal open market trading to a widely dispersed array of buyers on the New York Stock Exchange.\"\nAMC's U.S. prospects heading into the Memorial Day weekend are also looking brighter, with domestic coronavirus cases falling and vaccinations rising.\nAMC shares gained last Tuesdayalongside other meme stocks as day traders renewed their bets on shares of companies they feel they can collectively move higher.\nOn May 13,AMC said it completed an offeringof 43 million shares. 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