Positive Press Coverage Somewhat Unlikely to Affect Phoenix New Media (FENG) Stock Price

News headlines about Phoenix New Media (NYSE:FENG) have trended positive this week, according to Accern Sentiment. The research group identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Phoenix New Media earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned press coverage about the information services provider an impact score of 46.6610423326981 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Shares of Phoenix New Media (NYSE FENG) opened at $6.38 on Friday. The stock has a market cap of $451.04, a P/E ratio of 48.38 and a beta of 1.19. Phoenix New Media has a 1 year low of $2.43 and a 1 year high of $8.14. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.15 and a current ratio of 2.15.

Phoenix New Media (NYSE:FENG) last issued its earnings results on Monday, November 13th. The information services provider reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.09. The company had revenue of $64.00 million for the quarter, compared to the consensus estimate of $61.20 million. Phoenix New Media had a net margin of 4.32% and a return on equity of 2.87%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 earnings per share.

A number of analysts recently issued reports on the stock. BidaskClub upgraded shares of Phoenix New Media from a “hold” rating to a “buy” rating in a report on Tuesday, September 19th. Macquarie upgraded shares of Phoenix New Media from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 14th.

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About Phoenix New Media

Phoenix New Media Limited is a media company providing content on an integrated platform across Internet, mobile and television channels in China. The Company enables consumers to access professional news and other information, and upload text and images (UGC) on the Internet and through their mobile devices.

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