Headlines about Tenaris (NYSE:TS) have been trending somewhat positive on Sunday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tenaris earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave media stories about the industrial products company an impact score of 37 out of 100, meaning that recent press coverage is unlikely to have an effect on the company’s share price in the near term.

Here are some of the media stories that may have impacted Accern’s analysis:

Several brokerages recently issued reports on TS. Cowen and Company restated a “hold” rating and set a $30.00 target price on shares of Tenaris in a research report on Tuesday, July 11th. BidaskClub upgraded shares of Tenaris from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Simmons restated an “overweight” rating and set a $35.50 target price (down previously from $39.00) on shares of Tenaris in a research report on Wednesday, June 21st. Morgan Stanley decreased their price target on shares of Tenaris from $44.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 21st. Finally, Loop Capital raised shares of Tenaris from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $36.61.

Shares of Tenaris (NYSE:TS) traded up 0.65% on Friday, reaching $32.63. 1,582,657 shares of the company’s stock traded hands. The firm’s 50 day moving average is $30.86 and its 200 day moving average is $33.00. The firm has a market capitalization of $19.26 billion, a P/E ratio of 79.59 and a beta of 0.63. Tenaris has a 52 week low of $25.19 and a 52 week high of $37.21.

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About Tenaris

Tenaris SA is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products.

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