MSG Networks Inc. (NYSE:MSGN) traded at a new 52-week high today of $19.04. Approximately 138,000 shares have changed hands today, as compared to an average 30-day volume of 713,000 shares.
MSG Networks Inc. share prices have moved between a 52-week high of $19.04 and a 52-week low of $8.52 and are now trading 114% above that low price at $18.26 per share.
MSG Networks Inc. (NYSE:MSGN) is currently priced 9.5% above its average consensus analyst price target of $16.52.
MSG Networks Inc is engaged in sports production, and content development and distribution. The company owns and operates two regional sports and entertainment networks, MSG Network 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. The company generates revenues from affiliate fees charged to distributors for the right to carry its programming networks, as well as from the sale of advertising.
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