Loop Capital upgraded shares of MSG Networks Inc. (NYSE:MSGN) from a sell rating to a hold rating in a research report sent to investors on Monday morning, Marketbeat.com reports. They currently have $19.00 target price on the stock.

Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of MSG Networks from a hold rating to a sell rating in a research report on Wednesday, April 19th. BidaskClub upgraded shares of MSG Networks from a hold rating to a buy rating in a research report on Friday, June 30th. ValuEngine lowered shares of MSG Networks from a strong-buy rating to a buy rating in a research report on Friday, June 2nd. Jefferies Group LLC upped their target price on shares of MSG Networks from $20.00 to $22.00 and gave the stock a hold rating in a research report on Monday, May 8th. Finally, Morgan Stanley upped their target price on shares of MSG Networks from $22.00 to $24.00 and gave the stock an equal weight rating in a research report on Friday, April 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $24.33.

MSG Networks (NYSE MSGN) opened at 20.85 on Monday. The firm has a market capitalization of $1.57 billion, a PE ratio of 8.94 and a beta of 0.78. MSG Networks has a 1-year low of $15.46 and a 1-year high of $25.30. The firm has a 50-day moving average price of $21.92 and a 200-day moving average price of $22.51.

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A number of hedge funds have recently bought and sold shares of MSGN. BlackRock Inc. increased its stake in MSG Networks by 33,563.0% in the first quarter. BlackRock Inc. now owns 3,898,845 shares of the company’s stock valued at $91,038,000 after buying an additional 3,887,263 shares in the last quarter. Neuberger Berman Group LLC increased its stake in MSG Networks by 2,476.2% in the second quarter. Neuberger Berman Group LLC now owns 1,017,985 shares of the company’s stock valued at $22,854,000 after buying an additional 978,470 shares in the last quarter. Bank of America Corp DE increased its stake in MSG Networks by 605.8% in the first quarter. Bank of America Corp DE now owns 990,055 shares of the company’s stock valued at $23,118,000 after buying an additional 849,778 shares in the last quarter. American Century Companies Inc. increased its stake in MSG Networks by 384.1% in the first quarter. American Century Companies Inc. now owns 944,560 shares of the company’s stock valued at $22,055,000 after buying an additional 749,451 shares in the last quarter. Finally, Prudential Financial Inc. increased its stake in MSG Networks by 1,755.9% in the first quarter. Prudential Financial Inc. now owns 587,749 shares of the company’s stock valued at $13,724,000 after buying an additional 556,080 shares in the last quarter. 78.26% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for MSG Networks (NYSE:MSGN)

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