New Media Investment Group (NEWM) Receiving Somewhat Favorable Media Coverage, Accern Reports

Press coverage about New Media Investment Group (NYSE:NEWM) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. New Media Investment Group earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.8706066183973 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

A number of brokerages recently weighed in on NEWM. BidaskClub upgraded New Media Investment Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 14th. Zacks Investment Research upgraded New Media Investment Group from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Wednesday, January 3rd.

Shares of New Media Investment Group (NYSE:NEWM) opened at $16.73 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.74 and a current ratio of 1.84. The firm has a market capitalization of $890.37, a price-to-earnings ratio of -79.67 and a beta of 1.35. New Media Investment Group has a 12 month low of $11.87 and a 12 month high of $17.62.

New Media Investment Group (NYSE:NEWM) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). New Media Investment Group had a positive return on equity of 2.38% and a negative net margin of 1.00%. analysts anticipate that New Media Investment Group will post -0.25 earnings per share for the current fiscal year.

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About New Media Investment Group

New Media Investment Group Inc is a holding company. The Company owns, operates and invests in local media assets. The Company’s segments include Eastern US Publishing, Central US Publishing, Western US Publishing and BridgeTower. It focuses on owning and acquiring local media assets in small to mid-size markets.

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