News (NASDAQ:NWSA) Coverage Initiated by Analysts at Citigroup

Research analysts at Citigroup initiated coverage on shares of News (NASDAQ:NWSA) in a research note issued to investors on Friday, MarketBeat reports. The firm set a “buy” rating and a $36.00 price target on the stock. Citigroup’s price objective would suggest a potential upside of 33.43% from the company’s current price.

A number of other research firms also recently weighed in on NWSA. StockNews.com upgraded News from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th. Guggenheim lifted their price target on News from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. Finally, Loop Capital decreased their price target on News from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Six research 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 a consensus price target of $38.50.

News Trading Down 1.8 %

NASDAQ:NWSA opened at $26.98 on Friday. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. News has a 12-month low of $22.65 and a 12-month high of $30.03. The firm has a market cap of $15.34 billion, a P/E ratio of 43.52 and a beta of 1.35. The stock’s 50 day simple moving average is $28.56 and its 200-day simple moving average is $27.54.

Institutional Trading of News

Institutional investors have recently bought and sold shares of the company. Acadian Asset Management LLC lifted its position in shares of 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. Brooklyn Investment Group purchased a new stake in shares of News in the third quarter valued at $39,000. ORG Wealth Partners LLC purchased a new stake in shares of News in the third quarter valued at $79,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of News in the third quarter valued at $85,000. Finally, Exchange Traded Concepts LLC lifted its position in shares of News by 1,419.6% in the third quarter. Exchange Traded Concepts LLC now owns 5,045 shares of the company’s stock valued at $134,000 after acquiring an additional 4,713 shares in the last quarter. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

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.