Recent Analysts’ Ratings Changes for MSG Networks (MSGN)

Share on StockTwits

MSG Networks (NYSE: MSGN) has recently received a number of price target changes and ratings updates:

  • 11/27/2019 – MSG Networks was downgraded by analysts at Guggenheim from a “neutral” rating to a “sell” rating.
  • 11/19/2019 – MSG Networks was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 11/19/2019 – MSG Networks was downgraded by analysts at Guggenheim from a “neutral” rating to a “sell” rating. They now have a $15.00 price target on the stock.
  • 11/13/2019 – MSG Networks was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “buy” rating. They now have a $20.00 price target on the stock. According to Zacks, “MSG Networks Inc. is engaged in production and content development which comprised of sports and entertainment networks, MSG Network and MSG+ as well as MSGNetworks.com and MSG GO. MSG Networks Inc., formerly known as Madison Square Garden Company, is based in New York. “
  • 11/6/2019 – MSG Networks was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “sell” rating. According to Zacks, “MSG Networks Inc. is engaged in production and content development which comprised of sports and entertainment networks, MSG Network and MSG+ as well as MSGNetworks.com and MSG GO. MSG Networks Inc., formerly known as Madison Square Garden Company, is based in New York. “
  • 10/23/2019 – MSG Networks was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $18.00 price target on the stock. According to Zacks, “MSG Networks Inc. is engaged in production and content development which comprised of sports and entertainment networks, MSG Network and MSG+ as well as MSGNetworks.com and MSG GO. MSG Networks Inc., formerly known as Madison Square Garden Company, is based in New York. “

MSGN stock traded down $0.08 during trading on Monday, reaching $16.16. The stock had a trading volume of 306,972 shares, compared to its average volume of 828,256. The stock’s 50 day moving average is $16.76 and its two-hundred day moving average is $18.39. The firm has a market cap of $1.22 billion, a PE ratio of 6.57 and a beta of 0.69. MSG Networks Inc has a 52 week low of $13.73 and a 52 week high of $27.85.

MSG Networks (NYSE:MSGN) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). MSG Networks had a negative return on equity of 33.28% and a net margin of 25.42%. The company had revenue of $160.98 million during the quarter, compared to analysts’ expectations of $160.64 million. During the same quarter in the previous year, the company earned $0.62 EPS. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. Research analysts predict that MSG Networks Inc will post 2.76 EPS for the current fiscal year.

Several large investors have recently added to or reduced their stakes in MSGN. Public Employees Retirement System of Ohio grew its position in shares of MSG Networks by 71.3% during the third quarter. Public Employees Retirement System of Ohio now owns 1,691 shares of the company’s stock worth $27,000 after purchasing an additional 704 shares in the last quarter. Resources Investment Advisors LLC. grew its holdings in MSG Networks by 99.4% during the 2nd quarter. Resources Investment Advisors LLC. now owns 2,006 shares of the company’s stock valued at $42,000 after buying an additional 1,000 shares in the last quarter. Shine Investment Advisory Services Inc. grew its holdings in MSG Networks by 21.5% during the 2nd quarter. Shine Investment Advisory Services Inc. now owns 3,354 shares of the company’s stock valued at $70,000 after buying an additional 594 shares in the last quarter. SG Americas Securities LLC purchased a new position in MSG Networks during the 3rd quarter valued at approximately $185,000. Finally, Quantamental Technologies LLC purchased a new position in MSG Networks during the 2nd quarter valued at approximately $191,000. Hedge funds and other institutional investors own 82.27% of the company’s stock.

MSG Networks Inc engages in the sports production, and content development and distribution businesses in the United States. The company owns and operates MSG Network and MSG+, which are regional sports and entertainment networks. It also operates MSG GO that provides live streaming and video on demand, as well as a Website and social media platforms for its brands.

Recommended Story: What is meant by buying and selling pressure?

Receive News & Ratings for MSG Networks Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSG Networks Inc and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.