Madison Square Garden Co (NYSE:MSG) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 15, 2016
Boasting a price of $168.55, Madison Square Garden Co (NYSE:MSG) traded -0.79% lower on the day. The last stock price close is down -3.54% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $173.08 and a 200-day moving average of $171.09. 142,553 shares of the stock were exchanged, up from an average trading volume of 117,883
Zacks Investment Research has downgraded Madison Square Garden Co (NYSE:MSG) to Sell in a statement released on 10/12/2016.
On 9/28/2016, Albert Fried released a statement for Madison Square Garden Co (NYSE:MSG) bumped down the target price from $170.00 to $150.00 that suggested a downside of -0.11%.
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Madison Square Garden Co has a with a one year low of $139.10 and a one year high of $188.80 Madison Square Garden Co’s market capitalization is presently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 11 brokers have issued a research note on the company. The average stock price target is $200.52 with 4 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 3 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On 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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