News Corp.’s “Neutral” Rating Reaffirmed at Zacks (NWSA)
News Corp. (NASDAQ:NWSA)‘s stock had its “neutral” rating restated by Zacks in a research note issued to investors on Wednesday, American Banking & Market News reports. They currently have a $19.00 price objective on the stock. Zacks‘ price objective points to a potential upside of 7.47% from the stock’s previous close.
A number of other firms have also recently commented on NWSA. Analysts at Credit Suisse downgraded shares of News Corp. from an “outperform” rating to a “neutral” rating in a research note on Monday, February 10th. Analysts at Morgan Stanley reiterated an “equal weight” rating on shares of News Corp. in a research note on Friday, February 7th. They now have a $16.00 price target on the stock. Fourteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. News Corp. has an average rating of “Hold” and an average target price of $26.24.
Shares of News Corp. (NASDAQ:NWSA) traded down 0.56% on Wednesday, hitting $17.65. The stock had a trading volume of 979,541 shares. News Corp. has a 1-year low of $14.39 and a 1-year high of $18.17. The stock’s 50-day moving average is $16.96 and its 200-day moving average is $16.87. The company’s market cap is $10.220 billion.
News Corp. (NASDAQ:NWSA) last announced its earnings results on Thursday, February 6th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.11. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.23 billion. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, analysts predict that News Corp. will post $0.44 earnings per share for the current fiscal year.
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.
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