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

News (NASDAQ:NWSA) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Sunday.

NWSA has been the topic of a number of other research reports. Zacks Research upgraded shares of News from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. JPMorgan Chase & Co. lowered their target price on shares of News from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Weiss Ratings lowered shares of News from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. Morgan Stanley set a $32.40 price target on shares of News in a research report on Friday, February 6th. Finally, Citigroup decreased their price target on News from $40.00 to $39.00 and set a “buy” rating for the company in a report on Monday, February 9th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.02.

News Price Performance

Shares of NWSA opened at $23.70 on Friday. The business has a 50-day moving average of $24.88 and a 200-day moving average of $26.39. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.81 and a quick ratio of 1.69. The company has a market capitalization of $13.16 billion, a price-to-earnings ratio of 11.67 and a beta of 0.98. News has a 1 year low of $22.20 and a 1 year high of $31.61.

News (NASDAQ:NWSA) last announced its earnings results on Thursday, February 5th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.33 by $0.07. The business had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.30 billion. News had a return on equity of 5.94% and a net margin of 13.35%.The firm’s revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. As a group, equities research analysts anticipate that News will post 0.94 earnings per share for the current year.

Institutional Investors Weigh In On News

A number of large investors have recently bought and sold shares of NWSA. CYBER HORNET ETFs LLC acquired a new position in shares of News during the second quarter valued at about $30,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of News in the 3rd quarter valued at about $31,000. Root Financial Partners LLC acquired a new stake in shares of News in the 3rd quarter valued at about $35,000. Advisory Services Network LLC bought a new stake in News in the 3rd quarter valued at about $35,000. Finally, Brown Brothers Harriman & Co. raised its stake in News by 154.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company’s stock worth $39,000 after buying an additional 780 shares during the period. 66.97% of the stock is currently owned by institutional investors and hedge funds.

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.