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MarketScreener Homepage  >  Equities  >  Nyse  >  AMC Entertainment Holdings, Inc.    AMC

AMC ENTERTAINMENT HOLDINGS, INC.

(AMC)
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Movie Theater Chains's Shares Tumble on Warner Bros. Streaming Move

12/03/2020 | 03:11pm EST

By Kimberly Chin

Shares of movie theater chains fell on Thursday after AT&T Inc.'s Warner Bros.'s decision to release its entire 2021 slate of theatrical films in theaters and on its HBO Max platform at the same time.

AMC Entertainment Holdings Inc. and National CineMedia Inc.'s shares declined 14% to $3.72 and 7% to $3.69, respectively.

Warner Bros.'s move represents a significant step in erasing the exclusivity theater chains have enjoyed for decades and comes at a time when movie theater chains are struggling due to a dearth in revenue from Covid-19-related restrictions. Theater chains are facing capacity restrictions that are limiting ticket sales and major Hollywood movies are being delayed or sent straight to streaming.

On Thursday, AMC, the world's largest movie theater chain, said it has launched efforts to sell more than $800 million worth of stock and warned that failing to raise enough liquidity might force the company into bankruptcy.

Write to Kimberly Chin at kimberly.chin@wsj.com

(END) Dow Jones Newswires

12-03-20 1510ET

Stocks mentioned in the article
ChangeLast1st jan.
AMC ENTERTAINMENT HOLDINGS, INC. 278.83% 18.9778 Delayed Quote.133.96%
AT&T INC. -2.45% 29.075 Delayed Quote.3.44%
NATIONAL CINEMEDIA, INC. 18.23% 4.68 Delayed Quote.6.18%
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Financials (USD)
Sales 2020 1 245 M - -
Net income 2020 -3 910 M - -
Net Debt 2020 5 843 M - -
P/E ratio 2020 -0,13x
Yield 2020 0,51%
Capitalization 1 053 M 1 053 M -
EV / Sales 2020 5,54x
EV / Sales 2021 2,33x
Nbr of Employees 21 412
Free-Float 59,0%
Chart AMC ENTERTAINMENT HOLDINGS, INC.
Duration : Period :
AMC Entertainment Holdings, Inc. Technical Analysis Chart | AMC | US00165C1045 | MarketScreener
Technical analysis trends AMC ENTERTAINMENT HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus UNDERPERFORM
Number of Analysts 9
Average target price 2,44 $
Last Close Price 4,96 $
Spread / Highest target 10,9%
Spread / Average Target -50,9%
Spread / Lowest Target -79,8%
EPS Revisions
Managers and Directors
NameTitle
Adam M. Aron President, Chief Executive Officer & Director
John D. McDonald Executive Vice President-US Operations
Sean D. Goodman Chief Financial Officer & Executive Vice President
Anthony J. Saich Independent Director
Kathleen M. Pawlus Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AMC ENTERTAINMENT HOLDINGS, INC.133.96%1 053
WANDA FILM HOLDING CO., LTD.2.54%6 705
CINEMARK HOLDINGS, INC.20.56%2 450
HENGDIAN ENTERTAINMENT CO., LTD.-25.36%1 404
PVR LIMITED10.80%1 107
KINEPOLIS GROUP SA-3.02%1 101