KeyCorp (KEY) Receiving Somewhat Favorable Press Coverage, Study Shows

Media coverage about KeyCorp (NYSE:KEY) has trended somewhat positive on Wednesday, Accern Sentiment reports. Accern scores the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. KeyCorp earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news articles about the financial services provider an impact score of 47.4435530711353 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

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

KeyCorp (NYSE:KEY) opened at 18.25 on Wednesday. KeyCorp has a 12 month low of $13.83 and a 12 month high of $19.53. The stock’s 50 day moving average price is $18.36 and its 200 day moving average price is $18.20. The firm has a market capitalization of $19.85 billion, a P/E ratio of 18.12 and a beta of 1.13.

KeyCorp (NYSE:KEY) last posted its quarterly earnings data on Thursday, October 19th. The financial services provider reported $0.35 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.35. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.56 billion. KeyCorp had a net margin of 18.69% and a return on equity of 10.35%. The company’s revenue was up 13.7% on a year-over-year basis. During the same quarter last year, the business posted $0.30 earnings per share. On average, analysts forecast that KeyCorp will post $1.31 earnings per share for the current year.

A number of analysts have recently issued reports on KEY shares. Morgan Stanley reaffirmed an “overweight” rating and set a $22.00 target price (up from $21.00) on shares of KeyCorp in a research report on Friday, July 7th. UBS AG raised KeyCorp from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $19.00 to $22.00 in a report on Monday, July 10th. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of KeyCorp in a report on Saturday, July 22nd. Sanford C. Bernstein raised KeyCorp from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $21.00 to $22.00 in a report on Thursday, September 14th. Finally, Zacks Investment Research lowered KeyCorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $20.53.

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In other news, General Counsel Paul N. Harris sold 205,024 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $18.56, for a total transaction of $3,805,245.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ruth Ann M. Gillis acquired 2,000 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were purchased at an average cost of $17.91 per share, with a total value of $35,820.00. Following the acquisition, the director now owns 10,551 shares of the company’s stock, valued at approximately $188,968.41. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 277,636 shares of company stock valued at $5,149,949. Company insiders own 0.65% of the company’s stock.

About KeyCorp

KeyCorp is a bank holding company. The Company is a bank-based financial services company. The Company operates through its subsidiary, KeyBank National Association (KeyBank), which is engaged in providing banking services. Through KeyBank and other subsidiaries, it provides a range of retail and commercial banking, commercial leasing, investment management, consumer finance, and investment banking products and services to individual, corporate and institutional clients.

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