|Bid||10.41 x 1800|
|Ask||10.43 x 800|
|Day's Range||9.85 - 10.47|
|52 Week Range||8.52 - 23.83|
|Beta (5Y Monthly)||0.40|
|PE Ratio (TTM)||4.19|
|Earnings Date||Apr 29, 2020 - May 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||15.28|
The coronavirus (COVID-19) outbreak has dragged down stock prices across the board, and media and entertainment stocks are no exception. While some media and entertainment businesses have ground to a complete halt due to the economic shutdown, others are thriving from a surge in at-home business.CFRA recently assessed the media and entertainment landscape in the wake of the COVID-19 outbreak, and analysts updated their takes on some popular stocks in the group. CFRA said companies that rely heavily on public gatherings and carry the most debt are most at risk, while others should have no problem navigating the current environment.Here are seven media and entertainment stocks to buy, sell and hold, according to CFRA.Comcast Corporation (NASDAQ: CMCSA) - Buy Analyst Tuna Amobi said Comcast is one of the rare winners from the COVID-19 outbreak given its cable and satellite business is likely getting a huge boost from Americans stuck in their homes. Comcast also has a relatively high A- S&P credit rating, suggesting its balance sheet is healthy.Comcast's Universal Studios postponed the release date of its upcoming "Fast and Furious" movie for another year, and the movie studio business could take a hit. However, Amobi says Comcast should make it through the shutdown just fine in the long term.CFRA has a Strong Buy rating and $54 price target for CMCSA stock.Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.Walt Disney Co (NYSE: DIS) - Buy Segments of Disney's businesses, including its theme parks, movie studios and cruise lines, are certainly getting hammered by the economic shutdown. However, large-scale home confinement could be a major boost for Disney+, which launched back in November.Streaming video is one of the few remaining sources of entertainment for many Americans who might not have otherwise tried out Disney+. Amobi says COVID-19 is a net positive for Disney in that respect, and new Disney CEO Robert Chapek should bring some desirable skills to the table as Disney works to update its business model.CFRA has a Buy rating and $160 price target for DIS stock.AMC Entertainment Holdings Inc (NYSE: AMC) - Buy AMC shares are down more than 71% year-to-date and are trading at around $2 after COVID-19 completely shut down the movie theater business. It looks like AMC won't be opening up its theater doors until the end of April at the earliest. While the company's near-term outlook is dicey at best, Amobi said the stock is a compelling value at current levels. Prior to the outbreak, CFRA was projecting a 2.5% revenue decline in 2020 followed by a 1.3% gain in 2021.CFRA has a Buy rating and $8 price target for AMC stock.Live Nation Entertainment, Inc. (NYSE: LYV) - Buy Prior to the COVID-19 shutdown, live entertainment ticketing company Live Nation was firing on all cylinders. There's no reason why the company can't eventually return to that level, but investors may need to be patient.It may be June or later before large events and shows are back on the calendar, and it may take many more months for customers to be financially able and willing to gather in large numbers without fear of infection. Investors must hope the broad self-isolation will make stir-crazy Americans desperate to get out of the house and go back to normal social events at the earliest possible opportunity.CFRA has a Buy rating and $65 price target for LYV stock.Madison Square Garden Co (NYSE: MSG) - Hold Like AMC, all of Madison Square Garden's events are on hold until at least the end of the month. However, the company recently announced a $400 million sale of the LA Forum to Los Angeles Clippers owner Steve Ballmer. The valuation of the deal and the cash infusion is reassuring to MSG investors and should help boost the company's liquidity as it navigates the COVID-19 shutdown.In the long term, the New York Knicks, New York Rangers and Madison Square Garden Arena are all extremely valuable and productive New York City assets that should continue to create value for investors. However, investors may want to stay on the sidelines for now given none of these assets are generating cash flow at the moment.CFRA has a Hold rating and $325 price target for MSG stock.Royal Caribbean Cruises Ltd (NYSE: RCL) - Sell Few stocks may have their businesses permanently impacted by the coronavirus outbreak, but cruise lines may be one.A disproportionately large percentage of Royal Caribbean's customers are retirees, the age demographic that is most at-risk from COVID-19. Even once travel bans are lifted, airlines will likely see their business return much sooner than cruise lines given there are plenty of reasons to fly other than vacations. Slumping demand in the near-term could trigger extreme pricing discounts, which could eat into margins and cash flow.CFRA has a Sell rating and $100 price target for RCL stock.See Also: 8 Best Investment Strategies During A RecessionLas Vegas Sands Corp. (NYSE: LVS) - Sell Not only are all of Las Vegas Sands' U.S. casinos shut down indefinitely, the company has a heavy debt load that could start to come into play as the crisis drags on. Las Vegas Sands barely survived the 2008 financial crisis thanks to its debt, which now stands at $12.5 billion.Las Vegas Sands currently pays an 8.4% dividend, but a dividend cut could be the company's first line of defense against financial hardship. Casinos in Macau, China are back up and running after a COVID-19 shutdown, but Macau gross gaming revenue plummeted nearly 80% in the month of March.CFRA has a Sell rating and $62 price target for LVS stock.Latest Ratings for DIS DateFirmActionFromTo Apr 2020Atlantic EquitiesUpgradesNeutralOverweight Apr 2020Guggenheim SecuritiesDowngradesBuyNeutral Apr 2020Imperial CapitalMaintainsIn-Line View More Analyst Ratings for DIS View the Latest Analyst RatingsSee more from Benzinga * With Live Sports On Hold, ESPN And Fox Load Up On Pro Wrestling * 9 Beaten-Down Travel Stocks To Buy, Sell And Hold * BofA Slashes Casino Price Targets, Sees Buying Opportunities(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The Madison Square Garden Company (NYSE: MSG) founder and chairman James Dolan has tested positive for the novel coronavirus (COVID-19).What Happened The public relations handle of the New York Knicks, the National Basketball Association team owned by Dolan, announced the development late Saturday on Twitter.> The Madison Square Garden Company Executive Chairman and Chief Executive Officer Jim Dolan has tested positive for coronavirus. He has been in self-isolation and is experiencing little to no symptoms. He continues to oversee business operations.> > -- NY_KnicksPR (@NY_KnicksPR) March 29, 2020Dolan also owns other sports teams, including the National Hockey League team New York Rangers and Women's NBA team New York Liberty. It's not immediately clear how Dolan was infected. Ten NBA players have been previously confirmed to have COVID-19.This year's NBA season was suspended on March 11 after Utah Jazz center Rudy Gobert tested positive for the coronavirus. Basketball star Kevin Durant, and three of his Brooklyn Nets teammates, also later tested positive for the deadly virus.The United States is now the world's worst coronavirus pandemic-hit country, with 142,106 confirmed cases, including 2,479 deaths, according to data from Johns Hopkins University.New York, where Dolan is based, is the worst-affected state in the U.S.Price Action The Madison Square Garden Company's shares closed nearly 1% higher at $236.58 on Friday.Photo Credit: Ajay Suresh via Wikimedia.See more from Benzinga * Dow, S&P Futures Drop Signaling An End To 3-Day Long Recovery Rally * Tesla To Reduce 75% Of All On-Site Staff At Nevada Gigafactory Due To Pandemic * 1,000 Google Employees Volunteer To Help Expand Sister Company's Coronavirus Testing Program(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Madison Square Garden shares were down after the National Basketball Association suspended its season because of the coronavirus. The company owns both the NBA's New York Knicks and the National Hockey League's New York Rangers.
The Madison Square Garden Company (MSG) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
James Dolan won't be the CEO of the proposed spinoff of Madison Square Garden's sports division, according to a regulatory filing. Andrew Lustgarten was named as president and CEO-in-waiting of Madison Square Garden Sports Corp. (MSG Sports) as the company seeks "final league" and MSG board approval for the move. The live entertainment portion of the company will be named Madison Square Garden Entertainment Corp. (MSG Entertainment).
On Friday, February 7, The Madison Square Garden (NYSE: MSG ) will release its latest earnings report. Benzinga's outlook for The Madison Square Garden is included in the following report. Earnings and ...
MSG Networks (MSGN) delivered earnings and revenue surprises of 0.00% and -0.96%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
NEW YORK, NY / ACCESSWIRE / February 4, 2020 / Royal Caribbean Cruises Ltd. (NYSE:MSGN) will be discussing their earnings results in their 2020 Second Quarter Earnings to be held on February 4, 2020 at ...
Fiscal 2020 second quarter revenues of $187.7 millionFiscal 2020 second quarter operating income of $70.0 millionFiscal 2020 second quarter adjusted operating income of $77.1.
New York Knicks fans were chanting 'sell the team,' at MSG. Will James Dolan ever sell the Knicks and what will it take to make the right deal?
MSG Networks (MSGN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MSG Networks Inc. (MSGN) will host a conference call to discuss results for its second quarter ended December 31, 2019 on Tuesday, February 4, 2020 at 10:00 a.m. Eastern Time. The Company will issue a press release reporting its results prior to the market opening. To participate via telephone, please dial 877-883-0832 with the conference ID number 9779306 approximately 10 minutes prior to the call.
Hedge funds are known to underperform the bull markets but that's not because they are bad at investing. Truth be told, most hedge fund managers and other smaller players within this industry are very smart and skilled investors. Of course, they may also make wrong bets in some instances, but no one knows what the […]
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Madison Square Garden is rising Tuesday after Jefferies initiates coverage on the stock of the sports and entertainment company with a buy rating.
The separation would take place in first-quarter 2020. MSG holders would retain equity stakes in both the sports and entertainment entities.
SHOWS: NEW YORK, NEW YORK, UNITED STATES (JANUARY 26, 2020) (REUTERS - ACCESS ALL) 1. VARIOUS OF MADISON SQUARE GARDEN IN PURPLE AND GOLD WITH PHOTOGRAPHS AND PHOTOS OF KOBE BRYANT 2. BRYANT FAN FROM THE BRONX TAKING PHOTO IN FRONT OF MADISON SQUARE GARDEN 3. MADISON SQUARE GARDEN WITH EMPIRE STATE BUILDING IN BACKGROUND 4. VARIOUS OF MADISON SQUARE GARDEN STORY: New York's Madison Square Garden was lit up in purple and gold to honor Kobe Bryant on Sunday (January 26) after the retired Los Angeles Lakers legend was killed in a helicopter crash with eight others - including his 13-year-old daughter. Bryant played 20 years for the Los Angeles Lakers - 18 of them as an all-star - winning five NBA championships. His death sent shockwaves through the National Basketball Association, which he helped propel to international prominence, and around the world. His Sikorsky S-76 chopper went down in foggy weather around 10 a.m. (1800 GMT) in hilly terrain in Calabasas, California, about 40 miles (65 km) northwest of central Los Angeles, sparking a brush fire, officials said. "There were no survivors," Los Angeles County Sheriff Alex Villanueva told a news conference, saying the manifest showed nine people on board. He declined to identify them. NBA Commissioner Adam Silver confirmed Bryant and his daughter Gianna were among those killed, and sent condolences to Bryant's wife, Vanessa. The cause of the crash was unknown, and an investigation by the Federal Aviation Administration and the National Transportation Safety Board could take months. Bryant was 41. (Production: Catherine Koppel)