MSG Networks Inc (NYSE:MSGN) has been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $23.40.

A number of research analysts have issued reports on MSGN shares. JPMorgan Chase & Co. cut MSG Networks from a “neutral” rating to an “underweight” rating and decreased their target price for the company from $23.00 to $19.00 in a research note on Friday, July 19th. Rosenblatt Securities set a $23.00 target price on MSG Networks and gave the company a “hold” rating in a research note on Thursday, June 20th. ValuEngine cut MSG Networks from a “sell” rating to a “strong sell” rating in a research note on Wednesday, June 26th. Zacks Investment Research raised MSG Networks from a “sell” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Morgan Stanley decreased their target price on MSG Networks from $22.00 to $20.00 and set an “underweight” rating for the company in a research note on Friday, May 3rd.

A number of large investors have recently bought and sold shares of the business. Quadrant Capital Group LLC acquired a new position in shares of MSG Networks during the first quarter worth about $25,000. Resources Investment Advisors LLC. boosted its position in shares of MSG Networks by 99.4% during the second quarter. Resources Investment Advisors LLC. now owns 2,006 shares of the company’s stock worth $42,000 after buying an additional 1,000 shares during the period. Meeder Asset Management Inc. boosted its position in shares of MSG Networks by 103.0% during the first quarter. Meeder Asset Management Inc. now owns 2,125 shares of the company’s stock worth $46,000 after buying an additional 1,078 shares during the period. Shine Investment Advisory Services Inc. boosted its position in shares of MSG Networks by 21.5% during the second quarter. Shine Investment Advisory Services Inc. now owns 3,354 shares of the company’s stock worth $70,000 after buying an additional 594 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its position in shares of MSG Networks by 196.8% during the first quarter. Rockefeller Capital Management L.P. now owns 6,901 shares of the company’s stock worth $151,000 after buying an additional 4,576 shares during the period. 86.92% of the stock is owned by hedge funds and other institutional investors.

NYSE MSGN traded down $0.80 on Wednesday, reaching $17.43. The company had a trading volume of 13,580 shares, compared to its average volume of 514,415. The company has a 50 day moving average of $19.63. The company has a market capitalization of $1.37 billion, a PE ratio of 4.60, a price-to-earnings-growth ratio of 2.20 and a beta of 0.72. MSG Networks has a 52 week low of $17.70 and a 52 week high of $28.13.

About MSG Networks

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.

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Analyst Recommendations for MSG Networks (NYSE:MSGN)

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