|Bid||4.1000 x 3200|
|Ask||4.0700 x 3100|
|Day's Range||3.8600 - 4.1950|
|52 Week Range||1.9500 - 12.4900|
|Beta (5Y Monthly)||1.72|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 06, 2020 - Aug 10, 2020|
|Forward Dividend & Yield||0.12 (2.91%)|
|Ex-Dividend Date||Mar 06, 2020|
|1y Target Est||3.94|
Moody's Investors Service ("Moody's") has affirmed AMC Entertainment Holdings, Inc.'s ("AMC" or the "company") Caa3 Corporate Family Rating (CFR), Caa3-PD Probability of Default Rating (PDR), Caa2 ratings on AMC's senior secured debt (consisting of a $225 million revolving credit facility (RCF), $1.98 billion outstanding senior secured term loan and $500 million senior secured first-lien notes) and Ca ratings on the $290 million outstanding senior subordinated notes. Moody's also revised AMC's Probability of Default Rating (PDR) to Caa3-PD/LD from Caa3-PD following completion of a distressed debt exchange.
AMC Entertainment holdings (NYSE: AMC) has eased a burden that some investors feared could force it into bankruptcy. On Monday, movie theater chain AMC announced a deal with most of its senior subordinated noteholders that will reduce its $5 billion debt load by $553 million. AMC Entertainment has issued 5 million shares of stock to facilitate the deal.
Comcast (NASDAQ: CMCSA) is turning the page. Long ranked as one of America's most hated companies because of complaints about its cable service, it's trying to move beyond its identity as the country's biggest cable provider and instead focus on streaming video. On Thursday's second-quarter earnings call, the company announced a shift in its emphasis from the linear TV business to streaming -- a move that comes hard on the heels of its formal launch of the Peacock streaming network nationally, and just days after it forged a landmark deal with cinema chain owner AMC Entertainment (NYSE: AMC) to dramatically shrink the length of time that movies must be given theatrical exclusivity before they can be shown by other means.