News Corporation Receives New Coverage from Analysts at Evercore Partners (NWS)
Investment analysts at Evercore Partners initiated coverage on shares of News Corporation (NYSE:NWS) in a note issued to investors on Monday, Stock Ratings Network reports. The firm set an “equal weight” rating and a $18.00 price target on the stock. Evercore Partners’ price objective indicates a potential upside of 10.63% from the company’s current price.
Shares of News Corporation (NYSE:NWS) remained flat at $16.27 during trading on Monday. The stock had a trading volume of 1,107,800 shares. News Corporation has a 52 week low of $14.52 and a 52 week high of $17.46. The stock has a 50-day moving average of $16.48 and a 200-day moving average of $16.09. The company has a market cap of $9.417 billion and a price-to-earnings ratio of 18.70.
A number of other firms have also recently commented on NWS. Analysts at Telsey Advisory Group cut their price target on shares of News Corporation 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. Analysts at UBS AG initiated coverage on shares of News Corporation in a research note to investors on Monday, August 19th. They set a “buy” rating and a $19.00 price target on the stock. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $30.67.
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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