Media stories about Phoenix New Media Limited (NYSE:FENG) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Phoenix New Media Limited earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news coverage about the information services provider an impact score of 45.696386836709 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Separately, BidaskClub upgraded shares of Phoenix New Media Limited from a “hold” rating to a “buy” rating in a research report on Friday, August 25th.
Shares of Phoenix New Media Limited (NYSE:FENG) opened at 4.66 on Wednesday. The company has a market cap of $358.96 million, a PE ratio of 35.30 and a beta of 1.01. The company has a 50-day moving average of $3.67 and a 200 day moving average of $3.34. Phoenix New Media Limited has a 12 month low of $2.43 and a 12 month high of $5.25.
Phoenix New Media Limited (NYSE:FENG) last announced its quarterly earnings data on Tuesday, August 15th. The information services provider reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.09. The company had revenue of $58.00 million for the quarter, compared to analyst estimates of $54.49 million. Phoenix New Media Limited had a return on equity of 3.00% and a net margin of 4.39%. The firm’s revenue for the quarter was up 29.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.01 EPS. On average, analysts anticipate that Phoenix New Media Limited will post ($0.05) earnings per share for the current year.
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About Phoenix New Media Limited
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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