Citigroup (NYSE:C) Getting Somewhat Favorable Press Coverage, Report Shows

News stories about Citigroup (NYSE:C) have trended somewhat positive on Sunday, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 6,000 blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Citigroup earned a coverage optimism score of 2.00 on their scale. InfoTrie also gave press coverage about the financial services provider an news buzz score of 0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near future.

Here are some of the news articles that may have impacted Citigroup’s analysis:

Citigroup stock traded up $1.10 during mid-day trading on Friday, hitting $75.81. 9,877,781 shares of the company’s stock traded hands, compared to its average volume of 9,256,352. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a 50 day simple moving average of $73.95 and a two-hundred day simple moving average of $69.17. Citigroup Inc has a fifty-two week low of $48.42 and a fifty-two week high of $76.28. The stock has a market cap of $163.11 billion, a price-to-earnings ratio of 11.40, a P/E/G ratio of 0.85 and a beta of 1.81.

Citigroup (NYSE:C) last issued its quarterly earnings data on Tuesday, October 15th. The financial services provider reported $2.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.95 by $0.12. The company had revenue of $18.57 billion for the quarter, compared to analyst estimates of $18.54 billion. Citigroup had a net margin of 18.28% and a return on equity of 10.16%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.73 earnings per share. On average, research analysts anticipate that Citigroup Inc will post 7.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Monday, November 4th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.04 dividend on an annualized basis and a yield of 2.69%. Citigroup’s dividend payout ratio (DPR) is currently 30.68%.

A number of equities research analysts have recently issued reports on C shares. Vining Sparks upgraded Citigroup to a “buy” rating and set a $80.00 price objective on the stock in a research note on Wednesday, October 9th. Bank of America raised their target price on shares of Citigroup from $78.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. ValuEngine downgraded shares of Citigroup from a “hold” rating to a “sell” rating in a report on Monday, October 21st. Credit Suisse Group upped their price target on shares of Citigroup from $80.00 to $83.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 26th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $90.00 price target (up previously from $84.00) on shares of Citigroup in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $81.45.

Citigroup Company Profile

Citigroup Inc, a diversified financial services holding company, provides various financial products and services for consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. The company operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG).

Further Reading: What is the price-to-earnings growth (PEG) ratio?

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