Favorable News Coverage Somewhat Unlikely to Affect Alaska Communications Systems Group (ALSK) Stock Price
Headlines about Alaska Communications Systems Group (NASDAQ:ALSK) have been trending positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alaska Communications Systems Group earned a media sentiment score of 0.38 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 43.1981073131992 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Alaska Communications Systems Group (NASDAQ ALSK) traded down 0.4400% on Wednesday, reaching $2.2401. The company had a trading volume of 15,001 shares. Alaska Communications Systems Group has a 12-month low of $1.49 and a 12-month high of $2.61. The stock’s market capitalization is $117.46 million. The stock’s 50 day moving average price is $2.23 and its 200-day moving average price is $2.12.
Alaska Communications Systems Group (NASDAQ:ALSK) last announced its quarterly earnings results on Thursday, August 3rd. The utilities provider reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.07). The company had revenue of $58.50 million during the quarter, compared to analysts’ expectations of $58.72 million. Alaska Communications Systems Group had a negative return on equity of 0.01% and a negative net margin of 0.65%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.01 EPS. Equities analysts expect that Alaska Communications Systems Group will post $0.00 earnings per share for the current fiscal year.
Separately, TheStreet cut Alaska Communications Systems Group from a “c” rating to a “d+” rating in a research note on Monday, May 22nd.
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Alaska Communications Systems Group Company Profile
Alaska Communications Systems Group, Inc is a fiber broadband and managed information technology (IT) services provider. The Company is focused primarily on business and wholesale customers in and out of Alaska. The Company also provides telecommunication services to consumers across Alaska. The Company’s facilities-based communications network extends across Alaska and connects to the contiguous states through its undersea fiber optic cable systems and its usage rights on an undersea system.
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