Deutsche Bank Reaffirms Buy Rating for News Corp. (NWS)
News Corp. (ASX:NWS)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Wednesday. They currently have a $22.00 target price on the stock.
Shares of News Corp. (ASX:NWS) traded down 0.49% during mid-day trading on Wednesday, hitting A$18.450. 154,823 shares of the company’s stock traded hands. News Corp. has a 52-week low of A$16.900 and a 52-week high of A$20.290. The stock’s 50-day moving average is A$18.5 and its 200-day moving average is A$18.4. The company has a market cap of A$10.683 billion and a P/E ratio of 45.33.
News Corporation is a diversified global media company. The Company operates in six segments: Cable Network Programming; Filmed Entertainment; Television; Direct Broadcast Satellite Television; Publishing, and Other.