News Corporation Receives New Coverage from Analysts at UBS AG (NWS)
Stock analysts at UBS AG began coverage on shares of News Corporation (NYSE:NWS) in a report issued on Monday, Analyst Ratings.Net reports. The firm set a “buy” rating and a $19.00 price target on the stock. UBS AG’s target price indicates a potential upside of 18.31% from the stock’s previous close.
News Corporation (NYSE:NWS) traded up 0.88% during mid-day trading on Monday, hitting $16.06. The stock had a trading volume of 1,095,328 shares. News Corporation has a 52 week low of $14.52 and a 52 week high of $16.64. The stock has a 50-day moving average of $15.91 and a 200-day moving average of $15.78.
A number of other firms have also recently commented on NWS. Analysts at Ned Davis Research initiated coverage on shares of News Corporation in a research note to investors on Monday, July 8th. They set a “neutral” rating on the stock. Analysts at BTIG Research downgraded shares of News Corporation from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, June 19th. They now have a $30.00 price target on the stock.
Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. News Corporation currently has an average rating of “Buy” and a consensus target price of $31.82.
News Corporation is a diversified global media company. It has operations in eight segments: Filmed Entertainment, Television, Cable Network Programming, Direct Broadcast Satellite Television, Integrated Marketing Services, Newspapers and Information Services, Book Publishing, and Others.
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