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

News (NASDAQ:NWSA) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other brokerages have also recently issued reports on NWSA. Citigroup started coverage on News in a research note on Friday, January 10th. They set a “buy” rating and a $36.00 price objective on the stock. Loop Capital reduced their price target on News from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Finally, Guggenheim raised their target price on shares of News from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.50.

News Trading Down 0.3 %

Shares of NWSA traded down $0.07 during mid-day trading on Friday, reaching $27.43. The company’s stock had a trading volume of 2,505,962 shares, compared to its average volume of 2,430,824. News has a 52 week low of $22.65 and a 52 week high of $30.03. The stock has a market cap of $15.60 billion, a PE ratio of 44.24 and a beta of 1.35. The company’s fifty day moving average price is $28.45 and its two-hundred day moving average price is $27.54. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30.

Institutional Investors Weigh In On News

Large investors have recently made changes to their positions in the business. Acadian Asset Management LLC boosted its holdings in News by 95.1% in the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after acquiring an additional 506 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of News by 2.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 37,698 shares of the company’s stock valued at $1,042,000 after purchasing an additional 958 shares in the last quarter. Edgestream Partners L.P. increased its position in shares of News by 206.6% during the second quarter. Edgestream Partners L.P. now owns 25,813 shares of the company’s stock valued at $712,000 after buying an additional 17,393 shares during the period. Hsbc Holdings PLC raised its stake in News by 13.8% in the second quarter. Hsbc Holdings PLC now owns 679,070 shares of the company’s stock worth $18,747,000 after buying an additional 82,215 shares in the last quarter. Finally, XTX Topco Ltd purchased a new stake in News in the second quarter worth about $1,455,000. 66.97% of the stock is currently owned by 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.