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The Madison Square Garden (NYSE:MSG) posted its quarterly earnings results on Wednesday. The company reported $0.15 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.22 by $0.07, ARN reports. The company had revenue of $371.70 million for the quarter. During the same quarter in the previous year, the company posted $0.47 earnings per share.

The Madison Square Garden (NYSE:MSG) opened at 62.84 on Wednesday. The Madison Square Garden has a 1-year low of $48.16 and a 1-year high of $63.05. The stock’s 50-day moving average is $60.83 and its 200-day moving average is $57.38. The company has a market cap of $4.850 billion and a price-to-earnings ratio of 35.04.

Several analysts have recently commented on the stock. Analysts at Topeka Capital Markets downgraded shares of The Madison Square Garden from a “buy” rating to a “hold” rating in a research note on Thursday, August 14th. They now have a $63.00 price target on the stock, down previously from $67.00. On a related note, analysts at Morgan Stanley downgraded shares of The Madison Square Garden from an “outperform” rating to a “neutral” rating in a research note on Monday, July 21st. They now have a $61.00 price target on the stock. Finally, analysts at Macquarie downgraded shares of The Madison Square Garden from an “outperform” rating to a “neutral” rating in a research note on Monday, July 21st. They now have a $61.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $66.97.

The Madison Square Garden Company, is a holding company conducting its operations through direct and indirect subsidiaries.

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