LINE Corporation (LN) Earning Somewhat Positive Media Coverage, Study Finds
News coverage about LINE Corporation (NYSE:LN) has been trending somewhat positive on Sunday, according to Accern. The research firm rates the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. LINE Corporation earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media headlines about the technology company an impact score of 45.7687849024557 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- North East news LIVE: Lane closed on the A1 after multi-vehicle crash (chroniclelive.co.uk)
- Kenya to construct $2.9 billionn six-lane expressway (asokoinsight.com)
- Royal Caribbean sends cruise ship to help Puerto Rico (fox5vegas.com)
- Aton Resources Announces C$1 Million Private Placement (juniorminingnetwork.com)
- Aton Resources Announces Non-Brokered Private Placement of Up to $1.0 Million (globenewswire.com)
LN has been the subject of a number of analyst reports. Zacks Investment Research raised LINE Corporation from a “hold” rating to a “buy” rating and set a $39.00 price target for the company in a report on Wednesday. ValuEngine downgraded LINE Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 14th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $39.00.
LINE Corporation (LN) opened at 36.20 on Friday. The firm has a 50-day moving average price of $35.26 and a 200-day moving average price of $35.26. LINE Corporation has a one year low of $30.90 and a one year high of $51.48. The firm has a market capitalization of $7.98 billion, a P/E ratio of 63.84 and a beta of 0.40.
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About LINE Corporation
LINE Corporation is a Japan-based company mainly engaged in the operation of LINE business portal business. Its LINE business portal segment includes communication and content service and advertising service. Communication and content service provides communication, contents and other services, such as LINE Pay, LINE FRIENDS and LINE Mobile.
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