MSG Networks (NASDAQ:MSGN)‘s stock had its “overweight” rating reissued by analysts at Albert Fried & Company in a research report issued to clients and investors on Thursday, AnalystRatingsNetwork.com reports. They currently have a $28.00 price objective on the stock. Albert Fried & Company’s target price would suggest a potential upside of 61.66% from the company’s previous close.

In related news, insider Marianne Dolan Weber sold 16,000 shares of the business’s stock in a transaction that occurred on Thursday, November 12th. The stock was sold at an average price of $20.84, for a total value of $333,440.00. Following the completion of the sale, the insider now owns 9,191 shares in the company, valued at $191,540.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

MSG Networks (NASDAQ:MSGN) traded down 0.97% on Thursday, reaching $17.32. The company had a trading volume of 1,144,046 shares. The stock’s 50-day moving average is $0.00 and its 200-day moving average is $0.00. MSG Networks has a 52 week low of $17.12 and a 52 week high of $17.72. The company has a market capitalization of $1.29 billion and a P/E ratio of 50.20.

MSG Networks (NASDAQ:MSGN) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.01. During the same quarter in the prior year, the business posted $1.38 EPS. The company earned $148.10 million during the quarter, compared to analysts’ expectations of $146.26 million. The company’s revenue was up 3.8% on a year-over-year basis. Equities research analysts forecast that MSG Networks will post $1.82 EPS for the current fiscal year.

A hedge fund recently bought a new stake in MSG Networks stock. Meeder Asset Management purchased a new position in shares of MSG Networks (NASDAQ:MSGN) during the fourth quarter, according to its most recent disclosure with the SEC. The fund purchased 27,321 shares of the company’s stock, valued at approximately $568,000.

Several other research analysts have also commented on the company. Zacks Investment Research upgraded MSG Networks from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 21st. Cantor Fitzgerald started coverage on MSG Networks in a research report on Wednesday, October 7th. They issued a “hold” rating and a $19.00 price target for the company. BTIG Research assumed coverage on MSG Networks in a research report on Friday, October 2nd. They issued a “buy” rating for the company. Morgan Stanley lowered MSG Networks from an “overweight” rating to an “equal weight” rating and set a $21.00 target price for the company. in a research report on Thursday, October 22nd. Finally, Jefferies Group assumed coverage on MSG Networks in a research report on Thursday, October 1st. They set a “hold” rating and a $20.00 target price for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. MSG Networks currently has an average rating of “Hold” and an average price target of $23.00.

MSG Networks Inc., formerly The Madison Square Garden Company, is engaged in sports, entertainment and media business. The Company’s businesses include MSG Sports and MSG Entertainment. MSG Sports business includes sports business, which owns and operates the sports franchises, such as the New York Knicks (NASDAQ:MSGN) of the National Basketball Association (the NBA) and the New York Rangers (the Rangers) of the National Hockey League (the NHL). MSG Entertainment business includes entertainment business, which presents or hosts live entertainment events, including concerts, family shows, performing arts and special events. In addition, the Company also owns and operates regional sports networks under its MSG Media business, including MSG Network (MSG) and MSG+; in addition to the live streaming and video on demand platform, MSG GO.

12 Month Chart for NASDAQ:MSGN

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