Commonwealth Bank Reiterates Underweight Rating for News Corp. (NWS)
News Corp. (ASX:NWS)‘s stock had its “underweight” rating reaffirmed by equities research analysts at Commonwealth Bank in a research note issued to investors on Thursday, American Banking News reports.
News Corp. (ASX:NWS) traded down 0.11% during mid-day trading on Thursday, hitting A$18.680. The stock had a trading volume of 874 shares. News Corp. has a 1-year low of A$0.000 and a 1-year high of A$0.000. The stock has a 50-day moving average of A$0.0 and a 200-day moving average of A$0.0. The company has a market cap of A$43.142 billion and a price-to-earnings ratio of 6.17.
Other equities research analysts have also recently issued reports about the stock. Analysts at UBS AG reiterated a “neutral” rating on shares of News Corp. (ASX:NWS) in a research note to investors on Friday, July 5th.
News Corporation is a diversified global media company. The Company operates in six segments: Cable Network Programming; Filmed Entertainment; Television; Direct Broadcast Satellite Television; Publishing, and Other.
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