Positive Press Coverage Somewhat Unlikely to Affect Alaska Communications Systems Group (NASDAQ:ALSK) Stock Price
News coverage about Alaska Communications Systems Group (NASDAQ:ALSK) has trended positive on Tuesday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alaska Communications Systems Group earned a news impact score of 0.32 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 46.510888753314 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Alaska Communications names new board member. (thefreelibrary.com)
- Edited Transcript of ALSK earnings conference call or presentation 3-Aug-17 7:00pm GMT (finance.yahoo.com)
- ETFs with exposure to Alaska Communications Systems Group, Inc. : August 3, 2017 (finance.yahoo.com)
- Alaska Communications Reports Second Quarter 2017 Results (ih.advfn.com)
Separately, TheStreet raised shares of Alaska Communications Systems Group from a “d+” rating to a “c” rating in a report on Wednesday, May 3rd.
Shares of Alaska Communications Systems Group (ALSK) remained flat at $2.28 during mid-day trading on Tuesday. 37,614 shares of the stock traded hands. The company has a 50-day moving average of $2.21 and a 200 day moving average of $2.01. Alaska Communications Systems Group has a one year low of $1.49 and a one year high of $2.61. The company has a market capitalization of $119.34 million, a PE ratio of 71.25 and a beta of -0.12.
Alaska Communications Systems Group (NASDAQ:ALSK) last announced its earnings results on Thursday, August 3rd. The utilities provider reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.02 by $0.07. Alaska Communications Systems Group had a negative return on equity of 0.01% and a negative net margin of 0.65%. The firm had revenue of $58.50 million during the quarter, compared to analyst estimates of $58.72 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Equities research analysts forecast that Alaska Communications Systems Group will post $0.04 EPS for the current fiscal year.
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About Alaska Communications Systems Group
Alaska Communications Systems Group, Inc is a fiber broadband and managed information technology (IT) services provider. The Company is focused primarily on business and wholesale customers in and out of Alaska. The Company also provides telecommunication services to consumers across Alaska. The Company’s facilities-based communications network extends across Alaska and connects to the contiguous states through its undersea fiber optic cable systems and its usage rights on an undersea system.
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