Somewhat Favorable Media Coverage Somewhat Unlikely to Affect MSG Networks (MSGN) Stock Price
News headlines about MSG Networks (NYSE:MSGN) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. MSG Networks earned a news impact score of 0.13 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.08232058374 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the media stories that may have impacted Accern’s analysis:
- MSG Networks Inc. (MSGN) Earns “Hold” Rating from Jefferies Group LLC (americanbankingnews.com)
- “MSG GO” Available to DIRECTV Subscribers (msgnetworks.com)
- MSG Networks and DIRECTV Team Up to Make “MSG GO” Available to DIRECTV Subscribers in Time for 2017/18 NBA and NHL Seasons (finance.yahoo.com)
- MSG Networks, Inc. breached its 50 day moving average in a Bearish Manner : MSGN-US : September 19, 2017 (finance.yahoo.com)
Several research analysts recently weighed in on MSGN shares. ValuEngine lowered MSG Networks from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub raised MSG Networks from a “hold” rating to a “buy” rating in a research report on Friday, June 30th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $22.00 target price on shares of MSG Networks in a research report on Monday, August 14th. Loop Capital raised MSG Networks from a “sell” rating to a “hold” rating and set a $19.00 target price on the stock in a research report on Monday, August 7th. Finally, FBN Securities raised MSG Networks from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. MSG Networks currently has an average rating of “Hold” and a consensus target price of $25.00.
MSG Networks (NYSE MSGN) traded up 0.48% on Friday, reaching $20.80. The company’s stock had a trading volume of 601,301 shares. MSG Networks has a 1-year low of $17.78 and a 1-year high of $25.30. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 9.38 and a beta of 0.75. The stock has a 50 day moving average price of $20.96 and a 200-day moving average price of $22.31.
MSG Networks (NYSE:MSGN) last posted its quarterly earnings results on Wednesday, August 16th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. MSG Networks had a net margin of 24.78% and a negative return on equity of 16.56%. The business had revenue of $162.90 million for the quarter, compared to analysts’ expectations of $161.91 million. During the same period in the previous year, the company posted $0.57 EPS. MSG Networks’s revenue was up 1.5% on a year-over-year basis. Equities analysts predict that MSG Networks will post $2.20 earnings per share for the current fiscal year.
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MSG Networks Company Profile
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.
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