Rosenblatt Securities Sticks to Its Hold Rating for MSG Networks Inc (MSGN)

In a report released today, Bernie McTernan from Rosenblatt Securities maintained a Hold rating on MSG Networks Inc (MSGN), with a price target of $23. The company’s shares closed yesterday at $21.41, close to its 52-week low of $20.07.

McTernan commented:

“We put a low probability on the potential for an outright carriage drop, the ultimate downside scenario.”

According to TipRanks.com, McTernan is ranked #3295 out of 5208 analysts.

MSG Networks Inc has an analyst consensus of Hold, with a price target consensus of $24.

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The company has a one-year high of $28.13 and a one-year low of $20.07. Currently, MSG Networks Inc has an average volume of 596.3K.

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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.