AllianceBernstein Income Fund (ACG) Receiving Somewhat Favorable Press Coverage, Report Shows
News stories about AllianceBernstein Income Fund (NYSE:ACG) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. AllianceBernstein Income Fund earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the investment management company an impact score of 46.6372073362892 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
AllianceBernstein Income Fund (ACG) opened at $7.91 on Tuesday. AllianceBernstein Income Fund has a twelve month low of $7.41 and a twelve month high of $8.05. The firm has a market capitalization of $1,710.00, a price-to-earnings ratio of -791.00 and a beta of 0.01.
Separately, Fundamental Research started coverage on AllianceBernstein Income Fund in a report on Thursday, September 28th. They set a “buy” rating and a $0.30 price objective for the company.
AllianceBernstein Income Fund, Inc (the Fund) is a diversified, closed-end management investment company. The investment objective of the Fund is high current income consistent with preservation of capital. The Fund invests its net assets in income-producing securities. The Fund invests its total assets in securities issued or guaranteed by the United States Government, its agencies or instrumentalities, and repurchase agreements pertaining to the United States Government securities.
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