AMC Entertainment's Growing Debt Raises Concerns Despite Increasing Confidence in Meme Stock Industry - www.malkamdior.com
The firm, however, raised the movie theater chain's price target to
"AMC remains the highest risk in the exhibition space given its exceedingly high debt balance, while the company has meaningfully diluted its shares between (the third quarter of 2020 and the first quarter of 2021)," said the firm's analysts, led by
AMC has a net debt of
AMC will report its fourth-quarter results on Wednesday. Wedbush lowered its revenue outlook on AMC to
Wedbush's expectations assume an 85% annual decline in domestic admissions revenue per screen versus a 94% annual drop in the industry, and a decrease of 300 basis points in film rent versus a prior increase of 150 basis points.
Price: 9.06, Change: +1.01, Percent Change: +12.61