Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Media General (MEG) Stock Price
Headlines about Media General (NYSE:MEG) have trended somewhat positive recently, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Media General earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 44.8241681130066 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Separately, Royal Bank of Canada reiterated a “buy” rating and set a $8.00 target price on shares of Media General in a report on Monday, October 16th.
Media General (NYSE MEG) traded down $0.29 during trading on Tuesday, hitting $18.51. 9,153,000 shares of the stock were exchanged, compared to its average volume of 3,298,350. The company has a quick ratio of 2.51, a current ratio of 2.51 and a debt-to-equity ratio of 1.58. Media General has a one year low of $14.81 and a one year high of $19.28.
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Media General Company Profile
Media General, Inc is a television broadcasting and digital media company. The Company provides news, information and entertainment in markets across the United States. The Company operates or services 71 network-affiliated broadcast television stations in 48 markets along with the digital media business.
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