.jpg "MSG Networks Inc (NYSE: MSGN)")
Jefferies analyst John Janedis reiterated a Hold rating on MSG Networks Inc (NYSE: MSGN) on August 15 and set a price target of $23. The company’s shares opened today at $23.65.
According to TipRanks.com, Janedis is a 5-star analyst with an average return of 11.4% and a 66.9% success rate. Janedis covers the Services sector, focusing on stocks such as Live Nation Entertainment, Madison Square Garden Co, and Charter Communications.
The word on The Street in general, suggests a Hold analyst consensus rating for MSG Networks Inc with a $23 average price target.
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Based on MSG Networks Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $45.2 million. In comparison, last year the company had a net profit of $39.69 million.
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MSG Networks, Inc. is a holding company, which engages in the sports production, and content development and distribution. It operates two regional sports and entertainment networks, MSG Network (MSGN) and MSG+, collectively MSG Networks. The company was founded on July 29, 2009 and is headquartered in New York, NY.
