News (NASDAQ:NWSA) Upgraded at StockNews.com

StockNews.com upgraded shares of News (NASDAQ:NWSA) from a hold rating to a buy rating in a report issued on Saturday morning.

Other equities analysts also recently issued research reports about the company. Guggenheim lifted their price target on News from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday. Loop Capital cut their target price on News from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Finally, Citigroup initiated coverage on News in a research report on Friday, January 10th. They issued a “buy” rating and a $36.00 price target for the company. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, News presently has a consensus rating of “Buy” and an average price target of $39.25.

News Price Performance

Shares of NASDAQ:NWSA opened at $28.08 on Friday. The stock’s 50 day moving average is $28.33 and its 200-day moving average is $27.55. News has a twelve month low of $22.65 and a twelve month high of $30.03. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $15.97 billion, a price-to-earnings ratio of 45.29 and a beta of 1.35.

News (NASDAQ:NWSA) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.56 billion. News had a net margin of 3.49% and a return on equity of 4.76%. During the same period last year, the firm earned $0.16 earnings per share. Sell-side analysts forecast that News will post 0.91 EPS for the current fiscal year.

Institutional Investors Weigh In On News

A number of hedge funds have recently made changes to their positions in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in News by 59.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 72,078 shares of the company’s stock valued at $1,987,000 after acquiring an additional 26,911 shares during the last quarter. Qsemble Capital Management LP purchased a new position in News in the third quarter valued at approximately $990,000. Barclays PLC grew its holdings in News by 124.0% during the third quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock valued at $391,832,000 after purchasing an additional 8,144,856 shares during the period. Lecap Asset Management Ltd. increased its position in News by 313.6% in the third quarter. Lecap Asset Management Ltd. now owns 35,145 shares of the company’s stock worth $936,000 after buying an additional 26,648 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of News by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,337,650 shares of the company’s stock valued at $115,512,000 after buying an additional 53,550 shares during the period. 66.97% of the stock is currently owned by institutional investors.

About News

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.