News Corp Stock Rating Reaffirmed by Zacks (NWSA)
News Corp (NASDAQ:NWSA)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Monday. They currently have a $18.00 target price on the stock. Zacks‘s target price indicates a potential upside of 4.96% from the company’s current price.
News Corp (NASDAQ:NWSA) traded up 1.11% during mid-day trading on Monday, hitting $17.34. 2,576,103 shares of the company’s stock traded hands. News Corp has a 52-week low of $15.44 and a 52-week high of $18.53. The stock has a 50-day moving average of $17.94 and a 200-day moving average of $17.41. The company has a market cap of $10.040 billion and a price-to-earnings ratio of 41.93.
News Corp (NASDAQ:NWSA) last posted its quarterly 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 $0.44 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on NWSA. Analysts at Credit Agricole downgraded shares of News Corp from an “outperform” rating to an “underperform” rating in a research note on Friday. 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, six have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $18.96.
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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