Press coverage about Altaba (NASDAQ:YHOO) has been trending somewhat negative recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Altaba earned a daily sentiment score of -0.04 on Accern’s scale. Accern also gave headlines about the company an impact score of 44.5142092244789 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
A number of research analysts have commented on YHOO shares. MKM Partners reiterated a “buy” rating and set a $76.00 price objective on shares of Altaba in a research note on Friday, September 1st. UBS Group AG restated a “buy” rating and issued a $77.00 price target on shares of Altaba in a research report on Friday, September 22nd.
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Altaba Company Profile
Altaba Inc (the Fund), formerly Yahoo! Inc, is a non-diversified, closed-end management investment company. The Fund seeks to track the combined investment return of the Alibaba Shares and the Yahoo Japan Shares it owns. Alibaba Shares represent an approximate 15% equity interest in Alibaba Group Holding Limited (Alibaba), and its Yahoo Japan Corporation ((Yahoo Japa) Shares represent an approximate 36% equity interest in Yahoo Japan.
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