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 report published on Saturday.

Several other equities research analysts have also recently issued reports on the stock. Guggenheim raised their price objective on shares of News from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Loop Capital cut their price target on shares of News from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Finally, Citigroup initiated coverage on News in a report on Friday, January 10th. They issued a “buy” rating and a $36.00 price objective on the stock. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, News presently has an average rating of “Buy” and an average price target of $39.25.

News Trading Up 1.3 %

NWSA opened at $28.44 on Friday. The firm has a market capitalization of $16.17 billion, a price-to-earnings ratio of 45.87 and a beta of 1.35. The company’s 50 day simple moving average is $28.32 and its two-hundred day simple moving average is $27.55. News has a 1-year low of $22.65 and a 1-year 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.

News (NASDAQ:NWSA) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. News had a return on equity of 4.76% and a net margin of 3.49%. The firm had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the business posted $0.16 earnings per share. Analysts expect that News will post 0.91 EPS for the current fiscal year.

Hedge Funds Weigh In On News

A number of hedge funds have recently made changes to their positions in NWSA. Brooklyn Investment Group acquired a new position in News during the third quarter worth $39,000. R Squared Ltd purchased a new stake in shares of News in the 4th quarter valued at $49,000. ORG Wealth Partners LLC acquired a new position in News during the 3rd quarter worth about $79,000. Wilmington Savings Fund Society FSB purchased a new position in News during the 3rd quarter valued at about $85,000. Finally, FNY Investment Advisers LLC purchased a new stake in News during the fourth quarter worth about $137,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

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.