News Corp (NASDAQ:NWSA) Receives Average Recommendation of “Hold” from Analysts

News Corp (NASDAQ:NWSA) has received an average rating of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $15.30.

NWSA has been the subject of several recent analyst reports. Credit Suisse Group upgraded shares of News from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $13.70 to $15.30 in a research report on Sunday, August 11th. BidaskClub upgraded shares of News from a “strong sell” rating to a “sell” rating in a report on Saturday.

NASDAQ:NWSA opened at $13.21 on Friday. The company has a market capitalization of $7.77 billion, a PE ratio of 28.72 and a beta of 1.47. The company has a 50 day simple moving average of $13.26 and a two-hundred day simple moving average of $13.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.97 and a current ratio of 1.09. News has a fifty-two week low of $10.65 and a fifty-two week high of $14.65.

News (NASDAQ:NWSA) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The firm had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.39 billion. News had a negative net margin of 1.75% and a positive return on equity of 1.94%. The company’s revenue was down 7.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.17 EPS. Research analysts predict that News will post 0.38 EPS for the current year.

Several large investors have recently made changes to their positions in the company. Yacktman Asset Management LP grew its stake in News by 636.0% during the third quarter. Yacktman Asset Management LP now owns 11,137,008 shares of the company’s stock worth $155,027,000 after purchasing an additional 9,623,733 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of News by 10.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 52,435,946 shares of the company’s stock worth $707,361,000 after buying an additional 4,850,224 shares in the last quarter. Independent Franchise Partners LLP boosted its holdings in shares of News by 12.5% during the 2nd quarter. Independent Franchise Partners LLP now owns 33,536,394 shares of the company’s stock worth $452,405,000 after buying an additional 3,716,104 shares in the last quarter. BlackRock Inc. grew its position in shares of News by 6.5% during the 2nd quarter. BlackRock Inc. now owns 27,035,796 shares of the company’s stock worth $364,713,000 after buying an additional 1,644,246 shares during the period. Finally, Nuveen Asset Management LLC grew its position in shares of News by 1,014.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,081,420 shares of the company’s stock worth $14,588,000 after buying an additional 984,366 shares during the period. 62.29% of the stock is currently owned by institutional investors.

About News

News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.

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