Jefferies & Co downgraded Madison Square Garden Co (NYSE:MSG) from Buy to Hold in a report released earlier today.
- Updated: September 17, 2016
Jefferies & Co has downgraded Madison Square Garden Co(NYSE:MSG) from Buy to Hold in a statement released on 8/22/2016.
On 5/04/2016, FBN Securities reported on Madison Square Garden Co(NYSE:MSG) upped the target price from $0.00 to $240.77. At the time, this indicated a possible upside of 0.50%.
Displaying a price of $184.19, Madison Square Garden Co (NYSE:MSG) traded 1.47% lower on the day. The last stock close is up 0.66% relative to the 200-day moving average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same time period. MSG has been tracking to a 50-day average of $181.66 and two hundred day average of $170.23. 383,153 shares of Madison Square Garden Co traded hands, up from ann average trading volume of 129,664
Recent Performance Chart:
With a total market value of $0.0, Madison Square Garden Co has a price-earnings of 0 with a one-year low of $139.10 and a 52 week high of $188.80.
A total of 11 equity analysts have issued a research note on Madison Square Garden Co. Four firms rate the company a strong buy, three firms rate the stock a buy, three firms rate the company a hold, 0 rate the company to underperform, and lastly 0 firmsrate the company as sell with a one year target price of $200.52
About Madison Square Garden Co (NYSE:MSG)
The Madison Square Garden Company is a holding company, which is engaged in live experiences consisting of celebrated venues, sports teams, and entertainment productions. The Company operates in two segments, which include MSG Entertainment and MSG Sports. The MSG Sports segment includes the Company’s professional sports franchises, which include the New York Knicks (the Knicks) of the National Basketball Association (the NBA), the New York Rangers (the Rangers) of the National Hockey League (the NHL), the New York Liberty (the Liberty) of the Women’s National Basketball Association (the WNBA), the Hartford Wolf Pack of the American Hockey League (the AHL), which is the primary player development team for the Rangers, and the Westchester Knicks, an NBA Development League team. The MSG Entertainment segment includes the Company’s live entertainment events. The Company presents or hosts live entertainment events, including concerts, family shows, and performing arts and special events.
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