Deutsche Bank Reiterates Buy Rating for News Corp. (NWS)
News Corp. (ASX:NWS)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Monday, Analyst Ratings Network.com reports. They currently have a $22.00 target price on the stock.
Shares of News Corp. (ASX:NWS) traded down 2.93% during mid-day trading on Monday, hitting A$17.230. 115,840 shares of the company’s stock traded hands. News Corp. has a one year low of A$14.340 and a one year high of A$20.290. The stock has a 50-day moving average of A$19.54 and a 200-day moving average of A$18.27. The company has a market cap of A$9.974 billion and a P/E ratio of 16.45.
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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