MakeMyTrip (MMYT) Receiving Somewhat Favorable Press Coverage, Study Finds

Headlines about MakeMyTrip (NASDAQ:MMYT) have been trending somewhat positive on Saturday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. MakeMyTrip earned a news impact score of 0.17 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 45.6762593335083 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Several analysts have recently commented on the stock. UBS downgraded shares of MakeMyTrip from a “buy” rating to a “sell” rating and set a $30.00 price objective for the company. in a research report on Wednesday, September 20th. Jefferies Group reaffirmed a “hold” rating and set a $31.50 price objective on shares of MakeMyTrip in a research report on Friday, October 13th. Zacks Investment Research raised shares of MakeMyTrip from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Saturday, November 4th. TheStreet downgraded shares of MakeMyTrip from a “c-” rating to a “d” rating in a research report on Tuesday, November 14th. Finally, ValuEngine cut MakeMyTrip from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $31.28.

MakeMyTrip (NASDAQ:MMYT) opened at $28.85 on Friday. MakeMyTrip has a twelve month low of $22.05 and a twelve month high of $40.90.

MakeMyTrip (NASDAQ:MMYT) last issued its quarterly earnings data on Wednesday, November 1st. The technology company reported ($0.45) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.27. MakeMyTrip had a negative return on equity of 12.74% and a negative net margin of 31.73%. The business had revenue of $139.20 million for the quarter, compared to analysts’ expectations of $110.72 million. During the same period last year, the business earned ($0.61) EPS. The business’s revenue was up 161.7% on a year-over-year basis. equities analysts predict that MakeMyTrip will post -2.22 EPS for the current fiscal year.

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About MakeMyTrip

MakeMyTrip Limited is an online travel company in India. The Company’s services and products include air ticketing, hotels, packages, rail tickets, bus tickets, car hire and ancillary travel requirements, such as facilitating access to third-party travel insurance and visa processing. Its segments include Air ticketing, which provides the facility to book international and domestic air tickets through an Internet-based platform; Hotels and packages, which provides holiday packages and hotel reservations through an Internet-based platform, call-centers and branch offices, and Others, which include advertisement income from hosting advertisements on its Internet Web-sites, income from sale of rail and bus tickets and income from facilitating Website access to a travel insurance company.

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