Published On: Fri, Aug 11th, 2017

Brokers Add To Their Ratings On MSG Networks (NYSE:MSGN)


A number of investment brokers have recently updated their price targets on shares of MSG Networks (NYSE:MSGN).

Most recent broker ratings

08/07/2017 – MSG Networks was upgraded to “hold” by analysts at Loop Capital. They now have a USD 19 price target on the stock.

05/08/2017 – MSG Networks had its “hold” rating reiterated by analysts at Jefferies. They now have a USD 22 price target on the stock.

04/27/2017 – MSG Networks had its “equal-weight” rating reiterated by analysts at Morgan Stanley. They now have a USD 24 price target on the stock.

04/09/2017 – MSG Networks was downgraded to “in line” by analysts at Evercore ISI.

04/05/2017 – MSG Networks was downgraded to “neutral” by analysts at Macquarie. They now have a USD 26 price target on the stock.

01/31/2017 – Bank of America Merrill Lynch began new coverage on MSG Networks giving the company a “buy” rating. They now have a USD 27 price target on the stock.

12/09/2016 – MSG Networks was upgraded to “buy” by analysts at Guggenheim. They now have a USD 28 price target on the stock.

09/06/2016 – MSG Networks was upgraded to “overweight” by analysts at Albert Fried & Company. They now have a USD 28 price target on the stock.

05/12/2016 – FBN Securities began new coverage on MSG Networks giving the company a “sector perform” rating.

05/02/2016 – MSG Networks was downgraded to “market perform” by analysts at Albert Fried & Co.

03/09/2016 – CLSA began new coverage on MSG Networks giving the company a “underperform” rating. They now have a USD 19 price target on the stock.

02/05/2016 – MSG Networks had its “hold” rating reiterated by analysts at Topeka Capital Markets. They now have a USD 19 price target on the stock.

01/19/2016 – MSG Networks was downgraded to “sell” by analysts at Stifel Nicolaus. They now have a USD 17 price target on the stock.

10/12/2015 – MSG Networks had its “buy” rating reiterated by analysts at BTIG Research. They now have a USD 30 price target on the stock.

10/07/2015 – Cantor Fitzgerald began new coverage on MSG Networks giving the company a “hold” rating. They now have a USD 19 price target on the stock.

The share price of MSG Networks (NYSE:MSGN) was down -1.44% during the last trading session, with a day high of 20.90. 277520 shares were traded on MSG Networks’s last session.

The stock’s 50 day moving average is 21.90 and its 200 day moving average is 22.49. The stock’s market capitalization is 1.54B. MSG Networks has a 52-week low of 15.60 and a 52-week high of 25.30.

MSG Networks Inc., formerly The Madison Square Garden Company, is engaged in sports production, and content development and distribution. The Company owns and operates two regional sports and entertainment networks, MSG Network (MSGN) and MSG+, collectively MSG Networks. Its networks are distributed throughout its territory, which includes all of New York State and significant portions of New Jersey and Connecticut, as well as parts of Pennsylvania. The Company delivers live games of the New York Knicks (the Knicks) of the National Basketball Association (NBA); the New York Rangers (the Rangers), New York Islanders (the Islanders), New Jersey Devils (the Devils) and Buffalo Sabres (the Sabres) of the National Hockey League (NHL); the New York Liberty (the Liberty) of the Women’s National Basketball Association; the New York Red Bulls (the Red Bulls) of Major League Soccer (MLS), and the Westchester Knicks of the National Basketball Association Developmental League.