Phoenix New Media (FENG) Given Daily Media Impact Score of 0.15
Media stories about Phoenix New Media (NYSE:FENG) have been trending somewhat positive on Monday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing 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. Phoenix New Media earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the information services provider an impact score of 47.4768527841759 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several equities analysts have issued reports on FENG shares. Macquarie boosted their target price on Phoenix New Media from $7.60 to $8.10 and gave the stock an “outperform” rating in a research report on Thursday, August 16th. ValuEngine upgraded Phoenix New Media from a “sell” rating to a “hold” rating in a research report on Thursday, May 17th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a $10.00 target price on shares of Phoenix New Media in a research report on Wednesday, August 29th.
NYSE FENG traded down $0.28 on Monday, hitting $4.56. 2,640 shares of the company’s stock were exchanged, compared to its average volume of 259,481. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.01. Phoenix New Media has a fifty-two week low of $3.82 and a fifty-two week high of $8.14. The stock has a market capitalization of $350.13 million, a price-to-earnings ratio of 57.00 and a beta of 2.32.
Phoenix New Media Company Profile
Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates in two segments, Net Advertising Services and Paid Services. It offers content and services through three channels, including PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.
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