Shares of Sphere Entertainment Co. (NYSE:SPHR – Get Free Report) have earned an average recommendation of “Hold” from the nine research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $47.38.
A number of research analysts have commented on the company. JPMorgan Chase & Co. reduced their price objective on Sphere Entertainment from $57.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday. Morgan Stanley reduced their price target on Sphere Entertainment from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Macquarie lowered their price objective on shares of Sphere Entertainment from $47.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, November 13th. Finally, Guggenheim dropped their price objective on shares of Sphere Entertainment from $49.00 to $48.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th.
View Our Latest Research Report on Sphere Entertainment
Hedge Funds Weigh In On Sphere Entertainment
Sphere Entertainment Stock Performance
NYSE:SPHR opened at $37.48 on Tuesday. The firm’s fifty day simple moving average is $43.50 and its 200 day simple moving average is $42.99. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.23. Sphere Entertainment has a twelve month low of $32.10 and a twelve month high of $51.83. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of -3.57 and a beta of 1.39.
Sphere Entertainment Company Profile
Sphere Entertainment Co engages in the entertainment business. It produces, presents, or hosts various live entertainment events, including concerts, family shows, and special events, as well as sporting events, such as professional boxing, college basketball and hockey, professional bull riding, mixed martial arts, and esports and wrestling in its venues, including The Garden, Hulu Theater, Radio City Music Hall, and the Beacon Theatre in New York City; and The Chicago Theatre.
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