Somewhat Positive Media Coverage Somewhat Unlikely to Affect Sohu.com (NASDAQ:SOHU) Share Price
Media coverage about Sohu.com (NASDAQ:SOHU) has trended somewhat positive recently, according to Accern. Accern identifies positive and negative news coverage by monitoring more than twenty 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 closest to one being the most favorable. Sohu.com earned a news impact score of 0.20 on Accern’s scale. Accern also gave media headlines about the information services provider an impact score of 46.1552524677595 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news stories that may have effected Accern’s analysis:
- Cisco Systems, Inc. (NASDAQ:CSCO) Stock Rating Reaffirmed by Deutsche Bank AG (wpsuperfanboy.com)
- Sohu com : No problems, no regrets (4-traders.com)
- Sohu.com Inc. (NASDAQ:SOHU) Expected to Post Earnings of -$1.24 Per Share (americanbankingnews.com)
- What Lies in Store for SINA Corp (SINA) in Q2 Earnings? (finance.yahoo.com)
Shares of Sohu.com (NASDAQ:SOHU) traded up 1.24% during trading on Friday, hitting $54.62. The company had a trading volume of 343,564 shares. Sohu.com has a 52 week low of $32.60 and a 52 week high of $58.98. The stock’s 50-day moving average price is $49.15 and its 200 day moving average price is $43.51. The company’s market capitalization is $2.12 billion.
Sohu.com (NASDAQ:SOHU) last posted its quarterly earnings data on Monday, July 31st. The information services provider reported ($1.85) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.73) by $0.12. Sohu.com had a negative net margin of 17.93% and a negative return on equity of 19.12%. The business had revenue of $461.20 million for the quarter, compared to analysts’ expectations of $456.10 million. During the same quarter in the previous year, the firm earned ($1.61) EPS. Sohu.com’s revenue was up 9.8% compared to the same quarter last year. On average, equities research analysts forecast that Sohu.com will post ($5.73) earnings per share for the current year.
A number of brokerages recently commented on SOHU. BidaskClub upgraded Sohu.com from a “hold” rating to a “buy” rating in a report on Friday, August 4th. Morgan Stanley upgraded Sohu.com from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $36.00 to $60.00 in a report on Tuesday, August 1st. Zacks Investment Research downgraded Sohu.com from a “hold” rating to a “sell” rating in a report on Tuesday, April 25th. ValuEngine upgraded Sohu.com from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, HSBC Holdings plc downgraded Sohu.com from a “buy” rating to a “hold” rating and upped their target price for the company from $48.00 to $57.00 in a report on Tuesday, May 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Sohu.com currently has a consensus rating of “Hold” and an average target price of $52.58.
Sohu.com Company Profile
Sohu.com Inc (Sohu) is an online media, search and game service company, which is engaged in providing online products and services on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The Company operates through three segments: the Sohu segment; the Sogou segment, and the Changyou segment.
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