News Corp Receives Consensus Recommendation of “Hold” from Analysts (NASDAQ:NWSA)
News Corp (NASDAQ:NWSA) has earned an average rating of “Hold” from the seventeen brokerages that are covering the stock, Stock Ratings News reports. Twelve investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $22.05.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of News Corp in a research note on Wednesday, May 14th. They now have a $19.00 price target on the stock. Analysts at Credit Suisse upgraded shares of News Corp from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 1st. They now have a $19.20 price target on the stock, up previously from $18.50.
Shares of News Corp (NASDAQ:NWSA) traded down 0.96% during mid-day trading on Thursday, hitting $17.46. The stock had a trading volume of 122,297 shares. News Corp has a 1-year low of $14.39 and a 1-year high of $18.53. The stock’s 50-day moving average is $17.28 and its 200-day moving average is $17.32. The company’s market cap is $10.110 billion.
News Corp (NASDAQ:NWSA) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.08. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.07 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, analysts predict that News Corp will post $0.49 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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