NEW YORK (TheStreet) –AMC Entertainment (AMC – Get Report) shares are up 0.78% to $30.92 in morning trading on Wednesday and is the subject of todaysTrifecta StocksChart of the Day analysis.

The companys shares were recently upgraded to buy from hold by analysts at B. Riley who also increased the companys price target to $35 from $33.25 per share.

The company holds interest in 348 total theaters located mostly across North America with a total of 4,960 screens.

Insight From TheStreet Research Team:

AMC Entertainment isTrifecta StocksChart of the Day today. Here is was analysts Bryan Ashenberg and Bob Lang wrote about the companys stock today:

AMC Entertainment is one of the oldest movie theater chains in the country. Taken public again just a few years ago, AMCs portfolio of theaters has benefited from a stronger dollar, higher employment rates and outstanding new movies.

No wonder the movie industry just passed its previously set record for revenue. Even with movies streaming live from Netflix (NFLX)and HBO, there is nothing like munching on popcorn and relaxing in a movie theater for a couple of hours.

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