Positive Press Coverage Somewhat Unlikely to Impact Altaba (AABA) Share Price
Press coverage about Altaba (NASDAQ:AABA) has been trending positive on Friday, Accern Sentiment reports. The research group rates the sentiment of media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Altaba earned a coverage optimism score of 0.32 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 43.9216806591318 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Altaba (AABA) traded up $0.13 during trading on Friday, hitting $74.36. The stock had a trading volume of 7,156,019 shares, compared to its average volume of 9,450,000. The firm has a market cap of $64,940.00, a PE ratio of 39.76 and a beta of 1.88. Altaba has a fifty-two week low of $41.84 and a fifty-two week high of $77.23.
Several equities research analysts recently issued reports on AABA shares. BidaskClub upgraded Altaba from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. UBS Group reiterated a “buy” rating and issued a $77.00 price objective on shares of Altaba in a report on Friday, September 22nd. Finally, Vetr upgraded Altaba from a “sell” rating to a “hold” rating and set a $73.32 price objective on the stock in a report on Tuesday. Thirteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Altaba presently has a consensus rating of “Hold” and a consensus price target of $55.57.
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Altaba Company Profile
Altaba Inc (the Fund), formerly Yahoo! Inc, is a non-diversified, closed-end management investment company. The Fund seeks to track the combined investment return of the Alibaba Shares and the Yahoo Japan Shares it owns. Alibaba Shares represent an approximate 15% equity interest in Alibaba Group Holding Limited (Alibaba), and its Yahoo Japan Corporation ((Yahoo Japa) Shares represent an approximate 36% equity interest in Yahoo Japan.
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