BHP Billiton (BBL) Receiving Somewhat Positive Media Coverage, Study Shows

Media coverage about BHP Billiton (NYSE:BBL) has been trending somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BHP Billiton earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news stories about the mining company an impact score of 46.4010769232401 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the news stories that may have effected Accern’s rankings:

BHP Billiton (NYSE:BBL) traded down $0.11 on Wednesday, hitting $35.91. 1,192,998 shares of the stock traded hands, compared to its average volume of 1,631,927. BHP Billiton has a 12-month low of $28.73 and a 12-month high of $39.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.53 and a current ratio of 1.85.

A number of brokerages have commented on BBL. BidaskClub upgraded shares of BHP Billiton from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. ValuEngine downgraded shares of BHP Billiton from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 24th. Jefferies Group set a $37.00 price objective on shares of BHP Billiton and gave the company a “buy” rating in a report on Wednesday, August 23rd. Finally, Zacks Investment Research upgraded shares of BHP Billiton from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a report on Thursday, October 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $40.00.

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About BHP Billiton

BHP Billiton Plc is a global resources company. The Company is a producer of various commodities, including iron ore, metallurgical coal, copper and uranium. Its segments include Petroleum, Copper, Iron Ore and Coal. The Petroleum segment is engaged in the exploration, development and production of oil and gas.

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