CardConnect Corp (CCN) Receiving Somewhat Favorable Media Coverage, Report Finds

Headlines about CardConnect Corp (NASDAQ:CCN) 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. CardConnect Corp earned a news impact score of 0.15 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 46.9591890307018 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 CCN shares. Cowen and Company downgraded shares of CardConnect Corp from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $17.00 to $15.00 in a research report on Tuesday, May 30th. Craig Hallum downgraded shares of CardConnect Corp from a “buy” rating to a “hold” rating and set a $15.00 price objective for the company. in a research report on Tuesday, May 30th. Finally, Zacks Investment Research downgraded shares of CardConnect Corp from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. CardConnect Corp currently has a consensus rating of “Buy” and a consensus target price of $16.17.

Shares of CardConnect Corp (NASDAQ CCN) remained flat at $15.05 during mid-day trading on Friday. The company had a trading volume of 80,112 shares. CardConnect Corp has a 52 week low of $8.70 and a 52 week high of $15.05.

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About CardConnect Corp

CardConnect Corp., formerly FinTech Acquisition Corp., is a holding company. The Company holds interests in CardConnect, LLC. The Company is a provider of payment processing solutions to merchants throughout the United States. The Company’s segments include Merchant Acquiring Services and Other. The Company’s platform allows it to provide payment solutions, customer support and tools for its distribution partners and merchants.

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