The Walking Dead pushes AMC shares higher
The Walking Dead is one of the most popular shows on television right now. The zombie show has been on for several seasons and continues to be the most popular show on AMC. The Walking Dead is said to be responsible in part for the soaring stock price of AMC according to The Street.
Recently analyst David Miller from Topeka Capital Markets boosted his price target on AMC shares from $78 per share to $87 per share. The analyst thinks that things might not look as good for AMC later this year after its merger with Chellomedia.
Miller said, "'messiness' related to amortization of intangible assets associated with the deal later this year."
The Walking Dead continues to do very well in the ratings. The first episode of season 4 that aired on October 13 has 16.11 million viewers. The show is split up into two half seasons and the second half of season 4 aired on February 9.
The second half premiere had over 15 million viewers. The number of viewers have been on the decline for the show, but it continues to boost AMC overall. Right after new episodes of The Walking Dead, a talk show called Talking Dead comes on to discuss the episode that just aired. That series has 3 million viewers each week.