Somewhat Positive Media Coverage Somewhat Unlikely to Affect China Eastern Airlines Corporation (CEA) Share Price
News coverage about China Eastern Airlines Corporation (NYSE:CEA) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. China Eastern Airlines Corporation earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news stories about the transportation company an impact score of 45.3201747360653 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
China Eastern Airlines Corporation (CEA) traded down 1.73% during mid-day trading on Friday, reaching $26.64. 19,946 shares of the company traded hands. The company’s 50 day moving average price is $28.93 and its 200 day moving average price is $28.15. The firm has a market capitalization of $7.71 billion, a P/E ratio of 10.66 and a beta of 1.21. China Eastern Airlines Corporation has a 12-month low of $21.38 and a 12-month high of $30.90.
The business also recently declared a special dividend, which will be paid on Monday, August 21st. Investors of record on Monday, July 3rd will be given a dividend of $0.3554 per share. The ex-dividend date of this dividend is Thursday, June 29th.
Separately, BidaskClub cut shares of China Eastern Airlines Corporation from a “hold” rating to a “sell” rating in a report on Friday, July 28th.
China Eastern Airlines Corporation Company Profile
China Eastern Airlines Corporation Limited is a China-based company principally engaged in the provision of airline transportation and extended services. The Company is primarily engaged in the operation of airline passenger, cargo, mail delivery, tour operations and other extended transportation services.
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