News Corp. Receives “Neutral” Rating from Zacks (NWSA)
News Corp. (NASDAQ:NWSA)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Thursday, Stock Ratings Network.com reports. They currently have a $18.00 price target on the stock. Zacks‘ price target suggests a potential upside of 10.50% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Telsey Advisory Group cut their price target on shares of News Corp. (NASDAQ:NWSA) 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 Corp. (NASDAQ:NWSA) 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 Morgan Stanley initiated coverage on shares of News Corp. (NASDAQ:NWSA) in a research note to investors on Monday, July 15th. They set an “equal weight” rating on the stock. Nine research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $29.32.
Shares of News Corp. (NASDAQ:NWSA) traded down 3.04% during mid-day trading on Thursday, hitting $16.29. 12,737,906 shares of the company’s stock traded hands. News Corp. has a one year low of $14.39 and a one year high of $17.26. The stock has a 50-day moving average of $16.23 and a 200-day moving average of $15.90.
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other.
To view Zacks’ full report, visit www.zacks.com
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