Favorable Media Coverage Somewhat Unlikely to Impact InterContinental Hotels Group (NYSE:IHG) Stock Price

Media headlines about InterContinental Hotels Group (NYSE:IHG) have been trending positive this week, Accern Sentiment Analysis reports. Accern scores the sentiment of media coverage by analyzing more than twenty million blog and news 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. InterContinental Hotels Group earned a media sentiment score of 0.44 on Accern’s scale. Accern also gave news articles about the company an impact score of 45.0797936741487 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Several research analysts have issued reports on IHG shares. Zacks Investment Research downgraded shares of InterContinental Hotels Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Morgan Stanley raised shares of InterContinental Hotels Group from an “underweight” rating to an “equal weight” rating in a report on Wednesday, November 29th. ValuEngine upgraded shares of InterContinental Hotels Group from a “hold” rating to a “buy” rating in a research note on Friday, February 9th. Goldman Sachs Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 19th. Finally, Credit Suisse Group upgraded shares of InterContinental Hotels Group from a “neutral” rating to an “outperform” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $59.13.

InterContinental Hotels Group (NYSE:IHG) traded up $0.13 during trading on Thursday, reaching $65.02. 211,253 shares of the company were exchanged, compared to its average volume of 388,890. InterContinental Hotels Group has a 52-week low of $48.39 and a 52-week high of $69.23. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of -1.92.

The firm also recently disclosed a None dividend, which will be paid on Friday, May 11th. Shareholders of record on Tuesday, April 3rd will be paid a dividend of $0.695 per share. The ex-dividend date is Monday, April 2nd.

TRADEMARK VIOLATION NOTICE: This article was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://www.dispatchtribunal.com/2018/02/22/favorable-media-coverage-somewhat-unlikely-to-affect-intercontinental-hotels-group-ihg-stock-price.html.

About InterContinental Hotels Group

InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.

Insider Buying and Selling by Quarter for InterContinental Hotels Group (NYSE:IHG)

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

Leave a Reply