Madison Square Garden Co (NYSE:MSG) has been downgraded to Hold in a report by Zacks Investment Research today.
- Updated: October 17, 2016
Yesterday Madison Square Garden Co (NYSE:MSG) traded -2.19% lower at $165.03. MSG’s 50-day average is $172.55 and its two hundred day average is $171.12. With the last stock price close down -5.67% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was up over the average, with 444,691 shares of MSG changing hands over the typical 122,934
Zacks Investment Research has downgraded Madison Square Garden Co (NYSE:MSG) to Hold in a report released on 10/18/2016.
On Friday October 14, 2016, Zacks Investment Research released a statement for Madison Square Garden Co (NYSE:MSG) upped the target price from $0.00 to $185.00. At the time, this indicated a possible upside of 0.11%.
Recent Performance Chart
Madison Square Garden Co has with a one year low of $139.10 and a one year high of $188.80 and has a market capitalization of $0.
Also covering Madison Square Garden Co's target, a total of 11 firms have issued a report on the stock. The consensus target price is $200.52 with four equity analysts rating the company a strong buy, three brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 brokerages rating the company a sell.
General Company Details For 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, performing arts and special events.
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