News (NASDAQ:NWS) Rating Increased to Hold at Zacks Research

News (NASDAQ:NWS) was upgraded by investment analysts at Zacks Research to a “hold” rating in a research report issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of News in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, News presently has a consensus rating of “Buy”.

News Stock Performance

NASDAQ:NWS opened at $30.69 on Tuesday. News has a 1-year low of $26.25 and a 1-year high of $35.58. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.76 and a quick ratio of 1.63. The business has a 50 day moving average of $29.60 and a 200 day moving average of $31.70. The company has a market capitalization of $17.23 billion, a price-to-earnings ratio of 14.83 and a beta of 0.95.

News (NASDAQ:NWS) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.06. News had a net margin of 13.80% and a return on equity of 5.68%. The firm had revenue of $2.13 billion during the quarter, compared to analyst estimates of $2.11 billion. On average, sell-side analysts predict that News will post 1.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On News

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in News by 23.1% during the 3rd quarter. Vanguard Group Inc. now owns 8,819,105 shares of the company’s stock valued at $304,700,000 after acquiring an additional 1,657,727 shares in the last quarter. L1 Capital Pty Ltd purchased a new stake in News in the third quarter worth $117,040,000. Dimensional Fund Advisors LP lifted its position in News by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,960,509 shares of the company’s stock valued at $67,733,000 after buying an additional 7,675 shares during the period. Invesco Ltd. grew its position in shares of News by 1.5% in the 3rd quarter. Invesco Ltd. now owns 1,544,073 shares of the company’s stock worth $53,348,000 after buying an additional 22,587 shares during the period. Finally, UBS Group AG lifted its position in News by 100.5% during the 3rd quarter. UBS Group AG now owns 1,047,526 shares of the company’s stock valued at $36,192,000 after acquiring an additional 525,119 shares during the period. Institutional investors own 14.63% of the company’s stock.

About News

News Corporation (NASDAQ: NWS) is a global media and information services company engaged in news and digital real estate, book publishing and other media businesses. The company’s operations include print and digital newsbrands, business and financial information services, consumer platforms for property listings, and a major book publishing arm. Through its subsidiaries and brands, News Corp produces news content, market and financial reporting, online real-estate marketplaces and trade and consumer publishing products.

Key areas of activity include news and information, where the company publishes national and regional newspapers and operates business information services; book publishing through a well-known global publisher; and property-related digital businesses that operate online marketplaces for real estate listings.