News (NASDAQ:NWSA) Raised to “Buy” at StockNews.com

News (NASDAQ:NWSA) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday.

NWSA has been the subject of several other reports. Guggenheim raised their target price on News from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Citigroup began coverage on News in a report on Friday, January 10th. They set a “buy” rating and a $36.00 price objective for the company. Finally, Loop Capital decreased their price target on shares of News from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $39.25.

News Stock Up 0.8 %

Shares of News stock opened at $28.08 on Friday. The stock’s 50-day moving average is $28.33 and its 200 day moving average is $27.54. News has a one year low of $22.65 and a one year high of $30.03. The firm has a market cap of $15.97 billion, a price-to-earnings ratio of 45.29 and a beta of 1.35. 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 posted its quarterly earnings results on Thursday, November 7th. The company reported $0.21 earnings per share (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 analysts’ expectations of $2.56 billion. During the same period in the prior year, the business earned $0.16 EPS. Equities research analysts anticipate that News will post 0.91 EPS for the current year.

Hedge Funds Weigh In On News

Hedge funds have recently bought and sold shares of the company. Brooklyn Investment Group purchased a new position in News during the third quarter worth about $39,000. R Squared Ltd purchased a new position in shares of News in the 4th quarter worth approximately $49,000. ORG Wealth Partners LLC bought a new position in shares of News in the third quarter valued at approximately $79,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of News during the third quarter valued at approximately $85,000. Finally, Exchange Traded Concepts LLC lifted its holdings in News by 1,419.6% during the third quarter. Exchange Traded Concepts LLC now owns 5,045 shares of the company’s stock worth $134,000 after acquiring an additional 4,713 shares during the period. 66.97% of the stock is owned by hedge funds and other 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.