Morgan Stanley Keeps a Sell Rating on MSG Networks Inc (MSGN)
Morgan Stanley analyst Benjamin Swinburne maintained a Sell rating on MSG Networks Inc (MSGN) today and set a price target of $16. The company’s shares closed last Monday at $14.76, close to its 52-week low of $14.46.
According to TipRanks.com, Swinburne is a 5-star analyst with an average return of 11.6% and a 60.9% success rate. Swinburne covers the Services sector, focusing on stocks such as Madison Square Garden Co, Charter Communications, and Sirius XM Holdings Inc.
MSG Networks Inc has an analyst consensus of Moderate Sell, with a price target consensus of $17.58, representing a 19.1% upside. In a report released yesterday, Evercore ISI also downgraded the stock to Sell.
See today’s analyst top recommended stocks >>
MSG Networks Inc’s market cap is currently $1.11B and has a P/E ratio of 5.88. The company has a Price to Book ratio of -2.20.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.