Media coverage about Citigroup (NYSE:C) has been trending somewhat positive on Wednesday, Accern reports. The research firm identifies positive and negative media coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Citigroup earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.8568318324885 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Citi Launches Volunteer Africa 2018 (finance.yahoo.com)
- Trade Wars and Tax Cuts Affect Wells Fargo in 2018 (finance.yahoo.com)
- Little-Noticed Medicare Cut Will Cause Medigap Premium Sticker Shock Wildly Unpopular, Says Recent Survey By The Senior Citizens League (prweb.com)
- Quality Stocks Like Citigroup Inc Will Be Higher Soon — Go Long (investorplace.com)
- Citigroup and Goldman face shareholder pressure on lobbying (ft.com)
A number of research firms have issued reports on C. TheStreet downgraded shares of Citigroup from a “b-” rating to a “c+” rating in a research report on Tuesday, March 27th. ValuEngine lowered shares of Citigroup from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 1st. Jefferies Group restated a “hold” rating and set a $83.00 price target on shares of Citigroup in a research note on Tuesday, January 16th. Vetr lowered shares of Citigroup from a “sell” rating to a “strong sell” rating and set a $61.20 target price on the stock. in a research note on Monday, February 5th. Finally, Zacks Investment Research lowered shares of Citigroup from a “buy” rating to a “hold” rating in a research note on Tuesday, March 20th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company’s stock. Citigroup has a consensus rating of “Hold” and a consensus target price of $80.34.
Citigroup (NYSE:C) last posted its quarterly earnings data on Tuesday, January 16th. The financial services provider reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.09. The firm had revenue of $17.26 billion during the quarter, compared to analysts’ expectations of $17.23 billion. Citigroup had a negative net margin of 7.05% and a positive return on equity of 7.61%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.14 EPS. research analysts expect that Citigroup will post 6.39 earnings per share for the current year.
Citigroup Company Profile
Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services.
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