Somewhat Positive News Coverage Somewhat Unlikely to Affect Frontline (FRO) Stock Price
News coverage about Frontline (NYSE:FRO) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Frontline earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the shipping company an impact score of 47.6564494119835 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Do you know? These 7 stocks gave double digit return in 4 out of 5 years in December (moneycontrol.com)
- Loans are easy to get, but are they for you? (livemint.com)
- $90.90 Million in Sales Expected for Frontline Ltd. (FRO) This Quarter (americanbankingnews.com)
- The communal card again (frontline.in)
- -$0.06 EPS Expected for Frontline Ltd. (FRO) This Quarter (americanbankingnews.com)
A number of research analysts recently commented on FRO shares. BidaskClub downgraded Frontline from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Frontline in a report on Tuesday, September 5th. Finally, Zacks Investment Research downgraded Frontline from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.00.
Frontline (NYSE FRO) opened at $4.80 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 1.22. Frontline has a 1-year low of $4.79 and a 1-year high of $7.83. The company has a market capitalization of $820.15, a P/E ratio of 30.19 and a beta of 1.87.
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