InterContinental Hotels Group (NYSE:IHG) Earning Positive Press Coverage, Analysis Finds

Media stories about InterContinental Hotels Group (NYSE:IHG) have trended positive on Saturday, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. InterContinental Hotels Group earned a news sentiment score of 0.40 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.7589908925368 out of 100, meaning that recent press 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 impacted Accern’s rankings:

Several analysts have weighed in on the company. Morgan Stanley raised InterContinental Hotels Group from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, November 29th. Credit Suisse Group raised InterContinental Hotels Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, November 1st. Bank of America lifted their target price on InterContinental Hotels Group from $60.50 to $62.38 and gave the stock a “buy” rating in a report on Friday, October 20th. Zacks Investment Research downgraded InterContinental Hotels Group from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Finally, BidaskClub downgraded InterContinental Hotels Group from a “buy” rating to a “hold” rating in a report on Friday, August 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $55.46.

InterContinental Hotels Group (NYSE:IHG) traded up $0.75 during midday trading on Friday, hitting $59.74. The company had a trading volume of 202,116 shares, compared to its average volume of 187,889. InterContinental Hotels Group has a fifty-two week low of $44.13 and a fifty-two week high of $59.94. The company has a quick ratio of 0.72, a current ratio of 0.73 and a debt-to-equity ratio of -1.92.

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InterContinental Hotels Group Company Profile

InterContinental Hotels Group PLC is a hotel company. The Company franchises its brands to, and manages hotels on behalf of, third-party hotel owners. Its segments include The Americas; Europe; Asia, Middle East and Africa (AMEA); Greater China, and Central. It operates a portfolio of hotel brands, including InterContinental, HUALUXE, Kimpton, Crowne Plaza, Hotel Indigo, EVEN Hotels, Holiday Inn, Holiday Inn Express, Staybridge Suites Hotels, Holiday Inn Resort, Holiday Inn Club Vacations and Candlewood Suites Hotels.

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