News (NASDAQ:NWSA) Rating Increased to Sell at BidaskClub

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News (NASDAQ:NWSA) was upgraded by research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued on Saturday, BidAskClub reports.

Separately, Credit Suisse Group upgraded News from a “neutral” rating to an “outperform” rating and raised their price target for the company from $13.70 to $15.30 in a research note on Sunday, August 11th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.15.

News stock opened at $13.21 on Friday. The company has a market cap of $7.77 billion, a P/E ratio of 28.72 and a beta of 1.47. News has a 1-year low of $10.65 and a 1-year high of $14.65. The company has a fifty day simple moving average of $13.26 and a 200 day simple moving average of $13.23. The company has a current ratio of 1.09, a quick ratio of 0.97 and a debt-to-equity ratio of 0.21.

News (NASDAQ:NWSA) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. News had a negative net margin of 1.75% and a positive return on equity of 1.94%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.39 billion. During the same period in the previous year, the firm posted $0.17 EPS. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. On average, equities research analysts forecast that News will post 0.38 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CSat Investment Advisory L.P. raised its stake in News by 155.3% in the 2nd quarter. CSat Investment Advisory L.P. now owns 2,173 shares of the company’s stock valued at $29,000 after acquiring an additional 1,322 shares during the period. Amica Retiree Medical Trust bought a new position in shares of News in the second quarter valued at about $33,000. Resources Investment Advisors LLC. acquired a new stake in shares of News during the 2nd quarter worth about $42,000. Cerebellum GP LLC acquired a new stake in shares of News during the 3rd quarter worth about $128,000. Finally, Capital Fund Management S.A. bought a new stake in shares of News during the 2nd quarter worth about $138,000. 62.29% of the stock is currently owned by hedge funds and other institutional investors.

News Company Profile

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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