News Corp Rating Lowered to Underperform at Credit Agricole (NWSA)
News Corp (NASDAQ:NWSA) was downgraded by investment analysts at Credit Agricole from an “outperform” rating to an “underperform” rating in a note issued to investors on Friday, TheFlyOnTheWall.com reports.
Separately, 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. News Corp currently has a consensus rating of “Hold” and a consensus price target of $19.10.
Shares of News Corp (NASDAQ:NWSA) traded down 4.42% during mid-day trading on Friday, hitting $16.65. The stock had a trading volume of 1,574,551 shares. News Corp has a one year low of $15.44 and a one year high of $18.53. The stock has a 50-day moving average of $17.95 and a 200-day moving average of $17.41. The company’s market cap is $9.641 billion.
News Corp (NASDAQ:NWSA) last announced its earnings results on Thursday, August 7th. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.02. The company had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.17 billion. News Corp’s revenue was down 3.1% compared to the same quarter last year. On average, analysts predict that News Corp will post $0.45 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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