News Corp Given Average Rating of “Hold” by Analysts (NASDAQ:NWSA)
News Corp (NASDAQ:NWSA) has been given a consensus recommendation of “Hold” by the ten brokerages that are presently covering the company, Stock Ratings Network reports. Six equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $19.09.
A number of analysts have recently weighed in on NWSA shares. Analysts at Jefferies Group initiated coverage on shares of News Corp in a research note on Wednesday, June 25th. They set a “buy” rating and a $22.00 price target on the stock. Separately, 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. Finally, 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.
News Corp (NASDAQ:NWSA) opened at 18.14 on Tuesday. News Corp has a one year low of $15.40 and a one year high of $18.53. The stock has a 50-day moving average of $17. and a 200-day moving average of $17.38. The company’s market cap is $10.503 billion.
News Corp (NASDAQ:NWSA) last announced its earnings results 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 $0.48 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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