Madison Square Garden Entertainment (NYSE:SPHR) Downgraded to Neutral at Guggenheim

Guggenheim cut shares of Madison Square Garden Entertainment (NYSE:SPHR – Get Rating) from a buy rating to a neutral rating in a research note published on Monday, The Fly reports. Guggenheim currently has $25.00 price objective on the stock, down from their prior price objective of $78.00.

Separately, Seaport Res Ptn reiterated a neutral rating on shares of Madison Square Garden Entertainment in a research report on Monday, April 24th.

Madison Square Garden Entertainment Stock Down 0.9 %

Shares of SPHR stock opened at $22.05 on Monday. Madison Square Garden Entertainment has a fifty-two week low of $21.02 and a fifty-two week high of $69.97. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market capitalization of $761.92 million, a price-to-earnings ratio of -5.53 and a beta of 1.26.

Madison Square Garden Entertainment Company Profile

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Madison Square Garden Entertainment Corp. provides entertainment experiences. The Company presents or hosts events in its diverse collection of venues: New York’s Madison Square Garden, Hulu Theater at Madison Square Garden, Radio City Music Hall and Beacon Theatre; the Forum in Inglewood, CA and The Chicago Theatre.