Published On: Wed, Oct 19th, 2016

New Analyst Ratings On MSG Networks (NYSE:MSGN)


Recently stock market analysts have updated their consensus ratings on shares of MSG Networks (NYSE:MSGN).

Most recent broker ratings

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.

11/09/2015 – MSG Networks had its “outperform” rating reiterated by analysts at Macquarie. They now have a USD 30 price target on the stock.

10/22/2015 – MSG Networks was downgraded to “equal weight” by analysts at Morgan Stanley. They now have a USD 21 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.

10/01/2015 – Jefferies began new coverage on MSG Networks giving the company a “hold” rating. They now have a USD 20 price target on the stock.

MSG Networks has a 50 day moving average of 18.21 and a 200 day moving average of 17.03. The stock’s market capitalization is 1.40B, it has a 52-week low of 14.73 and a 52-week high of 21.72.

The share price of the company (NYSE:MSGN) was up +1.63% during the last trading session, with a high of 18.90 and the volume of MSG Networks shares traded was 333149.

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.