ValuEngine upgraded shares of MSG Networks (NYSE:MSGN) from a strong sell rating to a sell rating in a report issued on Friday.

A number of other equities analysts have also commented on MSGN. Zacks Investment Research lowered shares of MSG Networks from a buy rating to a hold rating in a research note on Friday, January 25th. Guggenheim lowered shares of MSG Networks from a buy rating to a neutral rating in a research note on Monday, January 7th. Finally, Imperial Capital raised their price objective on shares of MSG Networks to $32.00 and gave the stock an outperform rating in a research note on Friday, October 19th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. MSG Networks currently has an average rating of Hold and an average price target of $25.00.

MSG Networks stock opened at $22.88 on Friday. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 6.01, a price-to-earnings-growth ratio of 0.80 and a beta of 0.74. MSG Networks has a 1 year low of $17.95 and a 1 year high of $28.13.

MSG Networks (NYSE:MSGN) last posted its quarterly earnings results on Tuesday, February 5th. The company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.05). The business had revenue of $192.90 million during the quarter, compared to analyst estimates of $186.33 million. MSG Networks had a negative return on equity of 28.99% and a net margin of 25.57%. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. Equities analysts forecast that MSG Networks will post 2.51 EPS for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Athena Capital Advisors LLC acquired a new stake in shares of MSG Networks in the 4th quarter valued at $36,000. Loeb Partners Corp bought a new position in MSG Networks in the 4th quarter worth $47,000. Amalgamated Bank bought a new position in MSG Networks in the 3rd quarter worth $208,000. Meeder Asset Management Inc. raised its holdings in MSG Networks by 446.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 8,952 shares of the company’s stock worth $231,000 after acquiring an additional 7,314 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in MSG Networks in the 3rd quarter worth $237,000. 85.33% of the stock is owned by institutional investors and hedge funds.

About MSG Networks

MSG Networks Inc engages in the sports production, and content development and distribution businesses in the United States. The company owns and operates MSG Network and MSG+, which are regional sports and entertainment networks. It also operates MSG GO that provides live streaming and video on demand, as well as a Website and social media platforms for its brands.

Further Reading: How can you know how many shares are floating?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for MSG Networks (NYSE:MSGN)

Receive News & Ratings for MSG Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MSG Networks and related companies with MarketBeat.com's FREE daily email newsletter.