News Co. (NASDAQ:NWSA) Given Consensus Recommendation of “Buy” by Brokerages

News Co. (NASDAQ:NWSA) has received an average rating of “Buy” from the four ratings firms that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $39.33.

Several equities analysts have recently weighed in on the company. Loop Capital decreased their price objective on News from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday, December 23rd. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th. Finally, Guggenheim increased their price objective on News from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th.

Institutional Trading of News

A number of hedge funds have recently made changes to their positions in NWSA. International Assets Investment Management LLC acquired a new stake in News during the 2nd quarter valued at $26,000. National Bank of Canada FI boosted its holdings in shares of News by 23.9% during the 2nd quarter. National Bank of Canada FI now owns 103,971 shares of the company’s stock worth $2,837,000 after buying an additional 20,031 shares during the period. Victory Capital Management Inc. grew its stake in News by 3.5% in the 2nd quarter. Victory Capital Management Inc. now owns 218,796 shares of the company’s stock valued at $6,032,000 after buying an additional 7,464 shares during the last quarter. Wellington Shields Capital Management LLC bought a new position in News in the 2nd quarter valued at about $860,000. Finally, Acadian Asset Management LLC lifted its position in News by 95.1% during the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock worth $28,000 after acquiring an additional 506 shares during the last quarter. 66.97% of the stock is owned by institutional investors and hedge funds.

News Stock Performance

Shares of NWSA stock opened at $27.55 on Wednesday. The firm has a market cap of $15.67 billion, a PE ratio of 44.44 and a beta of 1.35. News has a 12 month low of $22.65 and a 12 month high of $30.03. The company’s fifty day simple moving average is $28.53 and its 200-day simple moving average is $27.54. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30.

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.