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Zacks Investment Research downgraded MSG Networks Inc (NYSE:MSGN) to Hold in a statement released earlier today.

Only yesterday MSG Networks Inc (NYSE:MSGN) traded 1.80% higher at $18.50. MSGN’s 50-day average is $17.05 and its two hundred day moving average is $16.86. With the last stock price close up 7.56% from the 200-day moving average, compared with the S&P 500 which has fallen -0.01% over the same time period. 869,991 shares of MSGN traded hands, up from ann avg. trading volume of 802,097.

Zacks Investment Research has downgraded MSG Networks Inc(NYSE:MSGN) to Hold in a statement released 8/17/2016.

Performance Chart:

MSG Networks Inc (NYSE:MSGN)

In addition to Zacks Investment Research reporting it’s stock price target, a total of 11 equity analysts have issued a report on MSGN. The one year target stock price is $27.82 with one analyst rating the company a strong buy, four firms rating the stock a buy, seven analysts rating the stock a hold, one brokerage rating the company to underperform, and lastly one analyst rating the company as sell.

With a total market value of $0.0, MSG Networks Inc has a 52 week low of $14.73 and a 52 week high of $23.12 with a PE ratio of 183.

Brief Synopsis About MSG Networks Inc (NYSE:MSGN)

MSG Networks Inc., formerly The Madison Square Garden Company, is engaged in sports production, and content development and distribution. The Company owns and operates two regional sports and entertainment networks, MSG Network (MSGN) and MSG+, collectively MSG Networks. Its networks are distributed throughout its territory, which includes all of New York State and significant portions of New Jersey and Connecticut, as well as parts of Pennsylvania. The Company delivers live games of the New York Knicks (the Knicks) of the National Basketball Association (NBA); the New York Rangers (the Rangers), New York Islanders (the Islanders), New Jersey Devils (the Devils) and Buffalo Sabres (the Sabres) of the National Hockey League (NHL); the New York Liberty (the Liberty) of the Women’s National Basketball Association; the New York Red Bulls (the Red Bulls) of Major League Soccer (MLS), and and the Westchester Knicks of the National Basketball Association Developmental League.

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