News Corporation Hits New 52-Week High at $16.64 (NWS)
News Corporation (NYSE:NWS) set a new 52-week high during mid-day trading on Tuesday, StockRatingsNetwork.com reports. The stock traded as high as $16.64 and last traded at $16.63, with a volume of 480,344 shares. The stock had previously closed at $16.49.
NWS has been the subject of a number of recent research reports. Analysts at Telsey Advisory Group cut their price target on shares of News Corporation (NYSE:NWS) from $20.00 to $19.00 in a research note to investors on Thursday, August 22nd. They now have a “not rated” rating on the stock. Separately, analysts at UBS AG initiated coverage on shares of News Corporation (NYSE:NWS) in a research note to investors on Monday, August 19th. They set a “buy” rating and a $19.00 price target on the stock. Finally, analysts at Ned Davis Research initiated coverage on shares of News Corporation (NYSE:NWS) in a research note to investors on Monday, July 8th. They set a “neutral” rating on the stock.
Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. News Corporation presently has an average rating of “Buy” and an average target price of $31.82.
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 $16.0 and a 200-day moving average of $15.84.
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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