Somewhat Positive News Coverage Somewhat Unlikely to Affect Diageo (DEO) Stock Price

News stories about Diageo (NYSE:DEO) have trended somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Diageo earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.9122797413381 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

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

Diageo (NYSE:DEO) traded up $0.79 during trading on Friday, reaching $144.72. 414,243 shares of the company’s stock traded hands, compared to its average volume of 430,000. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.58 and a current ratio of 1.30. The firm has a market capitalization of $89,970.00, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 2.89 and a beta of 0.75. Diageo has a 12-month low of $106.34 and a 12-month high of $147.06.

A number of research analysts recently commented on the stock. Evercore ISI assumed coverage on shares of Diageo in a research note on Thursday, September 28th. They set an “outperform” rating and a $152.00 price objective on the stock. Zacks Investment Research upgraded shares of Diageo from a “hold” rating to a “buy” rating and set a $162.00 price objective on the stock in a research note on Wednesday. Finally, Jefferies Group restated a “buy” rating and issued a $155.40 price target (up previously from $155.20) on shares of Diageo in a research report on Saturday, September 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $156.00.

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About Diageo

Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.

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