MSG Knickerbockers (NYSE:MSGK) Stock Rating Lowered by Zacks Research

MSG Knickerbockers (NYSE:MSGK) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday, Zacks reports.

A number of other brokerages have also weighed in on MSGK. Guggenheim lowered their target price on MSG Knickerbockers from $584.00 to $445.00 and set a “buy” rating for the company in a report on Wednesday. Weiss Ratings began coverage on MSG Knickerbockers in a research report on Wednesday. They set a “hold (c)” rating on the stock. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $445.00.

MSG Knickerbockers Stock Performance

Shares of NYSE:MSGK opened at $299.91 on Tuesday. MSG Knickerbockers has a 52-week low of $280.00 and a 52-week high of $306.98.

About MSG Knickerbockers

MSG Knickerbockers, Inc is the corporate entity associated with the New York Knicks, the National Basketball Association (NBA) franchise based at Madison Square Garden in New York City. The organization’s primary activities include operating and managing the professional basketball team, organizing games and related events, and developing commercial opportunities connected with the Knicks brand.

The Knicks generate business through ticket sales, premium seating, sponsorships, media and broadcasting arrangements, merchandising, licensing, and other fan-focused products and services.