![]() ![]() Jason Bazinet, a bottom 3% analyst from Citigroup maintains AMC with a strong sell rating and lowers their AMC price target from $6.00 to $5.00, on Jul 7, 2022.Įric Wold, a top 1% analyst from B. For dilution to take place, APEs will need to be converted to AMC common stock. * From here and here: AMC announced its plans to issue a special AMC Preferred Equity (APE) as a non-dilutive stock dividend that will publicly trade from 2 on the NYSE. ![]() However, AMC has plenty of cash to cover a two-month slump, and is well-positioned for a strong Q, Pachter argued. The release "slate holes" such as the 2H of Q3 are largely driven by 2021's production delays, the analyst added. by 50% following the issuance of the company's preferred equity units* on 2.Īs AMC's Preferred Equity (APE)* began trading, to account for the higher share count, the analyst said he adjusted his model and reduced his PT on AMC's ordinary shares.Īlthough "theatrical exhibition is on the path to normalization, the volume of content has not yet returned to pre-pandemic levels," Pachter told investors. Pachter lowered his price target on AMC Entertainment Holdings, Inc.
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