Somewhat Positive Media Coverage Somewhat Unlikely to Affect Line (NYSE:LN) Share Price

News headlines about Line (NYSE:LN) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Line earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave press coverage about the technology company an impact score of 45.5239443198154 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

These are some of the media stories that may have impacted Accern Sentiment’s scoring:

Line (NYSE:LN) traded down $0.38 during mid-day trading on Monday, hitting $40.99. 80,800 shares of the stock traded hands, compared to its average volume of 249,242. Line has a 12-month low of $30.90 and a 12-month high of $45.30.

Several research firms recently weighed in on LN. BNP Paribas cut shares of Line from a “hold” rating to a “reduce” rating in a research report on Friday, October 27th. Zacks Investment Research cut shares of Line from a “buy” rating to a “sell” rating in a research report on Wednesday, October 11th. Deutsche Bank raised shares of Line from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. UBS Group raised shares of Line from a “sell” rating to a “neutral” rating in a report on Tuesday, October 31st. Finally, ValuEngine raised shares of Line from a “sell” rating to a “hold” rating in a report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $47.00.

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Line Company Profile

LINE Corporation is a Japan-based company mainly engaged in the operation of LINE business portal business. Its LINE business portal segment includes communication and content service and advertising service. Communication and content service provides communication, contents and other services, such as LINE Pay, LINE FRIENDS and LINE Mobile.

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