Somewhat Positive Press Coverage Extremely Likely to Impact Citigroup (C) Share Price
News articles about Citigroup (NYSE:C) have been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Citigroup earned a daily sentiment score of 1.25 on their scale. InfoTrie also gave news headlines about the financial services provider an news buzz score of 10 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company’s share price in the next few days.
These are some of the media stories that may have effected Citigroup’s ranking:
- Citigroup Inc. (C) Management presents at Goldman Sachs US Financial Services Conference 2018 (Transcript) (seekingalpha.com)
- Citigroup’s John Gerspach Warns Volatility Could Hinder 2018 Targets (bloomberg.com)
- Citi CFO forecasts lower markets revenue for fourth quarter (finance.yahoo.com)
- UPDATE 1-Citi CFO forecasts lower markets revenue for fourth quarter (feeds.reuters.com)
- Alto Pharmacy Lands $50M In Fresh Round Of Funding (pymnts.com)
Shares of C opened at $62.26 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.32. Citigroup has a 52-week low of $61.12 and a 52-week high of $80.70. The firm has a market capitalization of $166.51 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 0.85 and a beta of 1.44.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Monday, November 5th were given a $0.45 dividend. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $1.80 annualized dividend and a yield of 2.89%. Citigroup’s payout ratio is 33.77%.
Several brokerages recently commented on C. Zacks Investment Research lowered Citigroup from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. ValuEngine lowered Citigroup from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. Vining Sparks reaffirmed a “buy” rating and issued a $77.00 price target on shares of Citigroup in a research note on Tuesday, October 9th. Wells Fargo & Co set a $100.00 price target on Citigroup and gave the company a “buy” rating in a research note on Monday, August 27th. Finally, Deutsche Bank boosted their price target on Citigroup from $76.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, September 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $82.66.
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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