News headlines about MakeMyTrip Limited (NASDAQ:MMYT) have been trending somewhat negative recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. MakeMyTrip Limited earned a coverage optimism score of -0.02 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 47.226163949141 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the headlines that may have effected Accern’s rankings:

A number of equities analysts have weighed in on the company. Zacks Investment Research lowered MakeMyTrip Limited from a “hold” rating to a “sell” rating in a research note on Saturday. Jefferies Group LLC lowered MakeMyTrip Limited from a “buy” rating to a “hold” rating and increased their price objective for the company from $19.80 to $32.00 in a research report on Thursday. BidaskClub lowered MakeMyTrip Limited from a “hold” rating to a “sell” rating in a research report on Saturday, June 10th. TheStreet upgraded MakeMyTrip Limited from a “d” rating to a “c-” rating in a research report on Tuesday, July 25th. Finally, ValuEngine upgraded MakeMyTrip Limited from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. 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. MakeMyTrip Limited currently has an average rating of “Hold” and an average target price of $32.30.

Shares of MakeMyTrip Limited (NASDAQ:MMYT) traded up 6.60% during trading on Friday, hitting $29.90. The stock had a trading volume of 715,871 shares. The stock has a 50 day moving average of $32.59 and a 200 day moving average of $33.87. The company’s market cap is $2.91 billion. MakeMyTrip Limited has a 12 month low of $17.71 and a 12 month high of $40.90.

MakeMyTrip Limited (NASDAQ:MMYT) last issued its quarterly earnings data on Wednesday, August 9th. The technology company reported ($0.61) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.47) by $0.14. MakeMyTrip Limited had a negative return on equity of 16.91% and a negative net margin of 31.64%. The company had revenue of $141.21 million for the quarter, compared to the consensus estimate of $110.67 million. During the same period in the previous year, the firm earned ($0.73) earnings per share. The company’s revenue was up 139.9% compared to the same quarter last year. Equities analysts forecast that MakeMyTrip Limited will post ($1.89) EPS for the current fiscal year.

WARNING: “MakeMyTrip Limited (NASDAQ:MMYT) Earning Somewhat Critical News Coverage, Analysis Finds” was published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/08/12/makemytrip-limited-nasdaqmmyt-earning-somewhat-critical-news-coverage-analysis-finds.html.

MakeMyTrip Limited Company Profile

MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.

Insider Buying and Selling by Quarter for MakeMyTrip Limited (NASDAQ:MMYT)

Receive News & Ratings for MakeMyTrip Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MakeMyTrip Limited and related companies with MarketBeat.com's FREE daily email newsletter.