Shares of MSG Networks Inc. (NYSE:MSGN) traded at a new 52-week high today of $18.77. So far today approximately 283,000 shares have been exchanged, as compared to an average 30-day volume of 717,000 shares.
In the past 52 weeks, MSG Networks Inc. share prices are bracketed by a low of $8.52 and a high of $18.77 and is now at $18.53, 118% above that low price.
MSG Networks Inc. (NYSE:MSGN) is currently priced 10.8% 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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