Bitauto (NYSE:BITA) Earning Somewhat Favorable Media Coverage, Analysis Finds

Media coverage about Bitauto (NYSE:BITA) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Bitauto earned a news impact score of 0.10 on Accern’s scale. Accern also gave news headlines about the information services provider an impact score of 46.5454697742321 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the headlines that may have impacted Accern’s analysis:

BITA has been the topic of several analyst reports. BidaskClub downgraded shares of Bitauto from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 28th. Zacks Investment Research upgraded shares of Bitauto from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, Morgan Stanley initiated coverage on shares of Bitauto in a report on Wednesday. They issued an “overweight” rating on the stock. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $44.50.

Shares of Bitauto (NYSE BITA) opened at $30.96 on Thursday. Bitauto has a fifty-two week low of $16.56 and a fifty-two week high of $54.42.

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About Bitauto

Bitauto Holdings Limited is a provider of Internet content and marketing services for China’s automotive industry. The Company’s bitauto.com and taoche.com Websites provide consumers with information on new and used automobile pricing, and promotional information, specifications, reviews and consumer feedback.

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