News (NASDAQ:NWSA) Raised to Buy at Wall Street Zen

News (NASDAQ:NWSA) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

NWSA has been the topic of several other reports. JPMorgan Chase & Co. decreased their price objective on News from $40.00 to $38.00 and set an “overweight” rating on the stock in a report on Tuesday, November 25th. Citigroup decreased their price target on shares of News from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. Morgan Stanley set a $32.40 price objective on shares of News in a research note on Friday, February 6th. Weiss Ratings upgraded shares of News from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, Guggenheim lowered their price target on shares of News from $45.00 to $43.00 and set a “buy” rating for the company in a report on Thursday, November 13th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.02.

News Stock Performance

NASDAQ:NWSA opened at $22.72 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.69 and a current ratio of 1.81. The stock has a 50-day simple moving average of $25.83 and a two-hundred day simple moving average of $27.19. The firm has a market capitalization of $12.76 billion, a PE ratio of 11.19 and a beta of 0.99. News has a 52-week low of $22.20 and a 52-week high of $31.61.

News (NASDAQ:NWSA) last announced its quarterly earnings data on Thursday, February 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.33 by $0.07. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.30 billion. News had a net margin of 13.35% and a return on equity of 5.94%. The company’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $0.33 EPS. Analysts forecast that News will post 0.94 EPS for the current year.

Hedge Funds Weigh In On News

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

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.