News (NASDAQ:NWSA) Stock Rating Upgraded by StockNews.com

News (NASDAQ:NWSA) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Tuesday.

Other equities analysts also recently issued research reports about the company. Guggenheim raised their price target on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. JPMorgan Chase & Co. boosted their target price on shares of News from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Finally, Loop Capital raised their price target on shares of News from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $40.33.

News Price Performance

Shares of NASDAQ NWSA traded down $0.32 on Tuesday, hitting $29.06. The company’s stock had a trading volume of 2,233,134 shares, compared to its average volume of 2,656,066. The stock has a 50 day moving average of $27.84 and a 200-day moving average of $27.43. The company has a market capitalization of $16.53 billion, a price-to-earnings ratio of 46.87 and a beta of 1.35. News has a 12-month low of $21.85 and a 12-month high of $30.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26.

Hedge Funds Weigh In On News

Several large investors have recently added to or reduced their stakes in NWSA. Cetera Investment Advisers lifted its holdings in shares of News by 26.1% during the 1st quarter. Cetera Investment Advisers now owns 61,915 shares of the company’s stock worth $1,621,000 after acquiring an additional 12,831 shares during the period. Cetera Advisors LLC acquired a new position in shares of News in the 1st quarter valued at $261,000. CWM LLC grew its stake in shares of News by 7.8% during the 2nd quarter. CWM LLC now owns 7,339 shares of the company’s stock valued at $202,000 after buying an additional 532 shares during the period. Czech National Bank increased its holdings in shares of News by 8.1% during the 2nd quarter. Czech National Bank now owns 72,262 shares of the company’s stock worth $1,992,000 after buying an additional 5,405 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of News in the 2nd quarter worth $289,000. 66.97% 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 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.