Cheetah Mobile (CMCM) Getting Somewhat Favorable News Coverage, Analysis Shows

Media stories about Cheetah Mobile (NYSE:CMCM) have trended somewhat positive recently, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cheetah Mobile earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 46.577173474039 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

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

Cheetah Mobile (NYSE:CMCM) opened at $12.10 on Wednesday. Cheetah Mobile has a one year low of $7.54 and a one year high of $13.79. The firm has a market capitalization of $1,766.69, a P/E ratio of 34.17 and a beta of 3.24. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.02.

Several equities analysts recently weighed in on CMCM shares. BidaskClub downgraded Cheetah Mobile from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Nomura raised their price objective on Cheetah Mobile from $11.50 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, August 23rd. Instinet reaffirmed a “neutral” rating and issued a $12.00 price objective (up from $11.50) on shares of Cheetah Mobile in a research note on Wednesday, August 23rd. Zacks Investment Research raised Cheetah Mobile from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a research note on Monday, August 28th. Finally, Credit Suisse Group started coverage on Cheetah Mobile in a research note on Tuesday, October 3rd. They issued a “neutral” rating and a $9.50 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $11.75.

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Cheetah Mobile Company Profile

Cheetah Mobile Inc is a holding company. The Company and its consolidated subsidiaries, variable interest entities (VIEs) and a VIE’s subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. The Company operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud-based data analytics engines.

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