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 research note released on Thursday morning.

A number of other equities analysts have also recently issued reports on NWSA. Guggenheim upped their price target on shares of News from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Loop Capital cut their price target on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $39.33.

News Stock Down 1.3 %

Shares of NASDAQ:NWSA opened at $27.79 on Thursday. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The stock has a fifty day simple moving average of $28.38 and a two-hundred day simple moving average of $27.52. News has a 12-month low of $22.65 and a 12-month high of $30.03. The stock has a market capitalization of $15.80 billion, a price-to-earnings ratio of 44.82 and a beta of 1.35.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Barclays PLC grew its position in News by 124.0% in the 3rd quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock worth $391,832,000 after purchasing an additional 8,144,856 shares during the period. Whale Rock Capital Management LLC purchased a new stake in News during the third quarter valued at $44,585,000. State Street Corp lifted its holdings in News by 6.1% in the third quarter. State Street Corp now owns 25,799,596 shares of the company’s stock valued at $689,397,000 after acquiring an additional 1,476,224 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in News by 1,815.4% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,413,158 shares of the company’s stock worth $37,632,000 after purchasing an additional 1,339,379 shares during the last quarter. Finally, Bank of Montreal Can grew its stake in shares of News by 230.1% during the 3rd quarter. Bank of Montreal Can now owns 1,092,506 shares of the company’s stock valued at $28,951,000 after purchasing an additional 761,524 shares during the period. 66.97% of the stock is owned by hedge funds and other 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.