News Corporation (NASDAQ:NWSA) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of News Corporation (NASDAQ:NWSA) have been assigned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $38.2833.

A number of equities research analysts have recently commented on NWSA shares. Macquarie reiterated a “neutral” rating and set a $32.70 price target on shares of News in a report on Wednesday, August 6th. JPMorgan Chase & Co. increased their target price on News from $38.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, August 20th. Zacks Research cut News from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of News in a report on Wednesday, October 8th. Finally, Guggenheim reduced their price objective on News from $45.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 13th.

News Trading Up 3.6%

NASDAQ NWSA opened at $25.69 on Friday. News has a 12 month low of $23.38 and a 12 month high of $31.61. The company has a current ratio of 1.76, a quick ratio of 1.63 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average price is $27.39 and its 200-day moving average price is $28.40. The stock has a market cap of $14.43 billion, a P/E ratio of 12.41 and a beta of 1.15.

News (NASDAQ:NWSA) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.11 billion. News had a net margin of 13.80% and a return on equity of 5.68%. News’s revenue was down 16.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 EPS. As a group, equities analysts forecast that News will post 0.94 EPS for the current fiscal year.

Institutional Investors Weigh In On News

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. purchased a new stake in News during the 2nd quarter valued at $30,000. CYBER HORNET ETFs LLC purchased a new stake in News during the second quarter valued at $30,000. Caitong International Asset Management Co. Ltd bought a new position in News in the third quarter valued at about $31,000. Root Financial Partners LLC bought a new position in News in the third quarter valued at about $35,000. Finally, Advisory Services Network LLC purchased a new position in News in the third quarter worth about $35,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Company Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.