News (NASDAQ:NWS) Upgraded by Zacks Research to Hold Rating

Zacks Research upgraded shares of News (NASDAQ:NWS) to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

Separately, Weiss Ratings restated a “buy (b)” rating on shares of News in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, News currently has a consensus rating of “Buy”.

News Price Performance

NWS traded up $0.21 on Tuesday, reaching $30.90. The company had a trading volume of 233,858 shares, compared to its average volume of 727,377. The company has a market capitalization of $17.35 billion, a P/E ratio of 14.91 and a beta of 0.95. The company has a current ratio of 1.76, a quick ratio of 1.63 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $29.60 and a 200-day moving average of $31.70. News has a one year low of $26.25 and a one year high of $35.58.

News (NASDAQ:NWS) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. The company had revenue of $2.13 billion for the quarter, compared to the consensus estimate of $2.11 billion. News had a net margin of 13.80% and a return on equity of 5.68%. As a group, equities research analysts anticipate that News will post 1.03 earnings per share for the current year.

Institutional Investors Weigh In On News

Several large investors have recently modified their holdings of NWS. Fifth Third Bancorp raised its position in shares of News by 3.6% in the 2nd quarter. Fifth Third Bancorp now owns 8,805 shares of the company’s stock worth $302,000 after acquiring an additional 302 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of News by 2.0% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,032 shares of the company’s stock valued at $588,000 after purchasing an additional 337 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in News by 7.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,983 shares of the company’s stock worth $162,000 after purchasing an additional 338 shares during the period. iA Global Asset Management Inc. lifted its stake in News by 8.9% in the third quarter. iA Global Asset Management Inc. now owns 4,480 shares of the company’s stock valued at $155,000 after buying an additional 367 shares during the period. Finally, Asset Management One Co. Ltd. grew its position in shares of News by 10.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 4,014 shares of the company’s stock worth $139,000 after buying an additional 386 shares during the period. 14.63% of the stock is owned by institutional investors.

About News

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.