Somewhat Positive Media Coverage Somewhat Unlikely to Affect YY (YY) Share Price
Media coverage about YY (NASDAQ:YY) has been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. YY earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news coverage about the information services provider an impact score of 45.2384881415 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Tenkan Bullish Signal Appears For YY Inc (YY) – Evergreen Caller (evergreencaller.com)
- As Alibaba, YY Climb, This Chinese Stock Nears Buy With EPS Due (finance.yahoo.com)
- YY Inc. (YY) Shares Bought by Bank of New York Mellon Corp – Newburgh Gazette (newburghgazette.com)
- Looking For a Catalyst: Updates on Spire Inc. (NYSE:SR) and YY Inc. (NASDAQ:YY) – FLBC News (flbcnews.com)
- YY Stock Has its Sights Set on Much Higher Stock Prices (profitconfidential.com)
YY (NASDAQ:YY) opened at 73.02 on Wednesday. YY has a 52 week low of $37.81 and a 52 week high of $73.64. The stock has a market cap of $4.06 billion, a P/E ratio of 15.65 and a beta of 1.12.
Several brokerages have issued reports on YY. BidaskClub raised shares of YY from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 20th. Zacks Investment Research downgraded shares of YY from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 13th. Bank of America Corporation reaffirmed a “buy” rating and issued a $66.00 price target on shares of YY in a report on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $56.00 price target on shares of YY in a report on Friday, June 16th. Finally, CICC Research downgraded shares of YY to a “hold” rating and set a $60.00 price target on the stock. in a report on Thursday, May 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $58.23.
YY Inc (YY) is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company’s segments include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.
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