Line (LN) Receives News Impact Rating of 0.21

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News stories about Line (NYSE:LN) have been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Line earned a news impact score of 0.21 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 46.4305898601876 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:

A number of equities research analysts have recently weighed in on LN shares. Zacks Investment Research upgraded shares of Line from a “sell” rating to a “hold” rating in a research note on Wednesday. UBS Group upgraded shares of Line from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 18th. ValuEngine upgraded shares of Line from a “hold” rating to a “buy” rating in a research note on Thursday, June 28th. CLSA upgraded shares of Line from an “underperform” rating to a “buy” rating in a research note on Wednesday, June 27th. Finally, JPMorgan Chase & Co. upgraded shares of Line from a “neutral” rating to an “overweight” rating in a research note on Thursday, June 21st. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $47.00.

NYSE LN opened at $41.36 on Friday. Line has a 12-month low of $34.58 and a 12-month high of $47.81. The firm has a market capitalization of $10.25 billion, a P/E ratio of 137.87 and a beta of 1.41.

Line Company Profile

LINE Corporation provides a platform for mobile messaging and communication services, content distribution, and related services primarily in Japan, Taiwan, Thailand, Indonesia, and Hong Kong. The company offers LINE, a cross-platform messenger application that enable users to communicate through free instant messaging, stickers, and voice and video calls, as well as serves as a smart portal to its other applications and services.

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