Media stories about MSG Networks (NYSE:MSGN) have trended somewhat positive on Wednesday, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. MSG Networks earned a news sentiment score of 0.19 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.4684450820639 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
MSGN has been the topic of a number of research analyst reports. ValuEngine downgraded MSG Networks from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Jefferies Group reiterated a “hold” rating and set a $22.00 price target on shares of MSG Networks in a report on Thursday, September 21st. Loop Capital upgraded MSG Networks from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Wednesday, October 11th. KeyCorp reiterated a “hold” rating on shares of MSG Networks in a report on Tuesday, October 17th. Finally, Zacks Investment Research downgraded MSG Networks from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. MSG Networks currently has a consensus rating of “Hold” and a consensus price target of $22.20.
MSG Networks (NYSE MSGN) opened at $20.60 on Wednesday. The company has a debt-to-equity ratio of -1.35, a current ratio of 2.75 and a quick ratio of 2.75. MSG Networks has a 52 week low of $16.15 and a 52 week high of $25.30. The company has a market capitalization of $1,570.00, a PE ratio of 9.28, a price-to-earnings-growth ratio of 211.52 and a beta of 0.96.
MSG Networks declared that its Board of Directors has approved a share repurchase plan on Friday, December 8th that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
WARNING: This news story was posted by Markets Daily and is the property of of Markets Daily. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of US & international trademark and copyright legislation. The original version of this news story can be read at https://www.themarketsdaily.com/2018/01/10/msg-networks-msgn-earns-daily-news-impact-rating-of-0-19.html.
About MSG Networks
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.
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.