WESCO International (WCC) Getting Somewhat Favorable Media Coverage, Study Shows

Headlines about WESCO International (NYSE:WCC) have trended somewhat positive on Saturday, AlphaOne Sentiment Analysis reports. The research group, a subsidiary of Accern, identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. WESCO International earned a media sentiment score of 0.22 on AlphaOne’s scale. AlphaOne also assigned news stories about the technology company an impact score of 89 out of 100, indicating that recent media coverage is very likely to have an effect on the stock’s share price in the near term.

These are some of the media headlines that may have impacted AlphaOne’s scoring:

WESCO International (NYSE:WCC) traded up 2.39% on Friday, reaching $62.00. 674,615 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $64.95 and its 200 day moving average is $67.39. WESCO International has a 52 week low of $49.67 and a 52 week high of $76.15. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 29.48 and a beta of 1.69.

WESCO International (NYSE:WCC) last released its earnings results on Thursday, April 27th. The technology company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.03. WESCO International had a return on equity of 9.49% and a net margin of 1.38%. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.76 billion. During the same quarter in the previous year, the business posted $0.77 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities analysts anticipate that WESCO International will post $3.85 earnings per share for the current year.

Several equities research analysts have recently weighed in on WCC shares. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $83.00 target price on shares of WESCO International in a report on Thursday, March 16th. Morgan Stanley raised shares of WESCO International from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $79.00 to $74.00 in a report on Tuesday, May 2nd. Zacks Investment Research raised shares of WESCO International from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Tuesday, March 28th. Barclays PLC set a $65.00 price target on shares of WESCO International and gave the stock a “hold” rating in a research report on Thursday, January 26th. Finally, TheStreet upgraded shares of WESCO International from a “c” rating to a “b-” rating in a research report on Tuesday, March 7th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $71.17.

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About WESCO International

WESCO International, Inc is a distributor of products and provider of supply chain management and logistics services used in industrial, construction, utility and commercial, institutional and government (CIG) markets. The Company is a provider of electrical, industrial and communications maintenance, repair and operating (MRO) and original equipment manufacturers (OEM) products, construction materials, and supply chain management and logistics services.

12 Month Chart for NYSE:WCC

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