News Corporation (NASDAQ:NWSA) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of News Corporation (NASDAQ:NWSA) have received an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $37.6750.

NWSA has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. Guggenheim lowered their price objective on shares of News from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, November 13th. JPMorgan Chase & Co. reduced their target price on News from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of News in a report on Monday, December 29th.

Institutional Trading of News

A number of hedge funds have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. purchased a new position in News during the second quarter valued at approximately $30,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of News during the 3rd quarter valued at $31,000. CYBER HORNET ETFs LLC purchased a new position in shares of News during the 2nd quarter valued at $30,000. Root Financial Partners LLC acquired a new position in shares of News in the third quarter worth $35,000. Finally, Advisory Services Network LLC purchased a new stake in shares of News during the third quarter worth $35,000. 66.97% of the stock is owned by hedge funds and other institutional investors.

News Stock Up 0.1%

Shares of News stock opened at $26.47 on Friday. News has a 12-month low of $23.38 and a 12-month high of $31.61. The firm has a market capitalization of $14.86 billion, a PE ratio of 12.79 and a beta of 0.97. The company has a quick ratio of 1.63, a current ratio of 1.76 and a debt-to-equity ratio of 0.21. The stock’s fifty day moving average is $25.98 and its 200-day moving average is $27.89.

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

About News

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.