MSG Networks (MSGN) Earns Daily Coverage Optimism Score of 0.15

Headlines about MSG Networks (NYSE:MSGN) have been trending somewhat positive on Wednesday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. MSG Networks earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the company an impact score of 44.3552209531575 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the news articles that may have impacted Accern’s rankings:

MSGN stock opened at $23.00 on Wednesday. The firm has a market capitalization of $1,712.71, a PE ratio of 10.36, a price-to-earnings-growth ratio of 1.48 and a beta of 0.76. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of -1.62. MSG Networks has a 12 month low of $16.15 and a 12 month high of $26.30.

MSG Networks (NYSE:MSGN) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.54 by $0.11. The business had revenue of $181.20 million for the quarter, compared to the consensus estimate of $179.73 million. MSG Networks had a net margin of 40.97% and a negative return on equity of 19.52%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 EPS. research analysts expect that MSG Networks will post 2.4 EPS for the current fiscal year.

Several analysts have weighed in on MSGN shares. Zacks Investment Research downgraded shares of MSG Networks from a “buy” rating to a “hold” rating in a research report on Thursday, April 5th. ValuEngine downgraded shares of MSG Networks from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Morgan Stanley boosted their target price on shares of MSG Networks from $20.00 to $23.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 31st. Guggenheim boosted their target price on shares of MSG Networks from $28.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, January 31st. Finally, Bank of America boosted their target price on shares of MSG Networks from $29.00 to $31.00 and gave the stock a “buy” rating in a research report on Tuesday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $24.83.

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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.

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