Favorable Media Coverage Somewhat Unlikely to Affect LINE (LN) Stock Price

Media headlines about LINE (NYSE:LN) have trended positive on Thursday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. 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 news sentiment score of 0.27 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.5940629599939 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

Shares of LINE stock traded down $0.05 on Thursday, hitting $35.88. The stock had a trading volume of 61,300 shares, compared to its average volume of 154,773. LINE has a twelve month low of $35.99 and a twelve month high of $36.40. The company has a market capitalization of $8.80 billion, a P/E ratio of 119.60 and a beta of 1.47.

LINE (NYSE:LN) last released its earnings results on Wednesday, April 25th. The technology company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.12). The firm had revenue of $449.83 million for the quarter. LINE had a net margin of 2.74% and a return on equity of 2.83%. equities research analysts predict that LINE will post 0.51 EPS for the current fiscal year.

LN has been the subject of several recent research reports. Zacks Investment Research raised LINE from a “sell” rating to a “hold” rating in a research note on Wednesday, April 25th. Macquarie raised LINE from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 24th. Jefferies Group downgraded LINE from a “hold” rating to an “underperform” rating in a research note on Thursday, April 19th. Finally, Mizuho downgraded LINE from a “neutral” rating to an “underperform” rating in a research note on Wednesday, January 31st. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. LINE has an average rating of “Hold” and an average price target of $47.00.

LINE Company Profile

LINE Corporation provides a platform for mobile messaging and communication services, content distribution, and related services primarily in Japan, Taiwan, Thailand, Indonesia, and Hong Kong. The company offers LINE, a cross-platform messenger application that enable users to communicate through free instant messaging, and voice and video calls, as well as serves as a smart portal to its other applications and services.

Insider Buying and Selling by Quarter for LINE (NYSE:LN)

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