Economy

MSG Networks Inc. (NYSE:MSGN) on Watch After Reaching Key Levels

MSG Networks comprises about 1.8% of Boyar Asset Management Inc.'s portfolio, making the stock its 22nd largest position.

Several analysts have released their opinion on MSG Networks Inc. Macquarie Research downgraded the shares of MSGN in report on Wednesday, April 5 to "Neutral" rating. HighTower Advisors LLC lifted its position in shares of MSG Networks by 3.3% in the 2nd quarter. Dubuque Bank & Trust Co. lifted its position in shares of MSG Networks by 8.8% in the 2nd quarter. These shares are 45.24% off its target price of $25.2 and the current market capitalization stands at $1.32B. Boothbay Fund Management LLC boosted its position in MSG Networks by 33.9% in the first quarter. 12, 2016. The company's shares were assimilated at $16.8 per share worth to an investment of some $804,115 on account of Charles F. Dolan Children Trus. Victory Capital Management Inc. purchased a new stake in MSG Networks in the first quarter worth $146,000. Barclays PLC now owns 102,985 shares of the company's stock worth $1,751,000 after buying an additional 62,975 shares during the last quarter. Oversold is a technical condition that occurs when prices are considered too low and the probability of an upturn is higher. 515,377 shares of the company were exchanged. Currently, the stock is -21.86% from its 50-Day High and -0.58% from the 50-day low. The stock's 50 day moving average is $20.84 and its 200-day moving average is $21.76.

Traders are feeling more bearish on the company lately if you take into consideration the increase in short interest. The fund owned 2,080,073 shares of the company's stock after acquiring an additional 127,441 shares during the quarter. The company had revenue of $162.90 million during the quarter, compared to the consensus estimate of $161.91 million.

MSG Networks (NYSE:MSGN) last announced its quarterly earnings results on Wednesday, August 16th. During the same period previous year, the business earned $0.54 EPS.

Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of MSG Networks (NYSE:MSGN).

MSGN has been the topic of a number of recent analyst reports.

At the end of 06/30/2017 reporting period, 83 institutional holders increased their position in MSG Networks Inc. Zacks Investment Research downgraded shares of MSG Networks from a "hold" rating to a "sell" rating in a research report on Wednesday, October 18th. Jefferies Group LLC reissued a hold rating and set a $22.00 price target on shares of MSG Networks in a research report on Monday, August 14th. (NYSE:MSGN) to be "oversold" as the equity reached $17.35 on a recent check. The company was maintained on Friday, August 25 by KeyBanc Capital Markets. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the stock.

01/31/2017 - Bank of America Merrill Lynch began new coverage on MSG Networks giving the company a "buy" rating. ValuEngine cut shares of MSG Networks from a strong-buy rating to a buy rating in a research report on Friday, September 1st.



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