News Corp Receives Consensus Recommendation of “Hold” from Analysts (NASDAQ:NWSA)
News Corp (NASDAQ:NWSA) has received a consensus recommendation of “Hold” from the ten brokerages that are currently covering the stock, Analyst Ratings Network.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $19.10.
A number of analysts have recently weighed in on NWSA shares. Analysts at Evercore Partners raised their price target on shares of News Corp from $18.00 to $19.00 in a research note on Friday, August 15th. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of News Corp in a research note on Monday, August 11th. They now have a $18.00 price target on the stock. Finally, analysts at Credit Agricole downgraded shares of News Corp from an “outperform” rating to an “underperform” rating in a research note on Friday, August 8th.
News Corp (NASDAQ:NWSA) opened at 17.68 on Tuesday. News Corp has a 52 week low of $15.44 and a 52 week high of $18.53. The stock’s 50-day moving average is $17.72 and its 200-day moving average is $17.53. The company has a market cap of $10.237 billion and a price-to-earnings ratio of 43.09. News Corp also was the target of a large drop in short interest in August. As of August 15th, there was short interest totalling 12,156,515 shares, a drop of 12.1% from the July 31st total of 13,828,334 shares. Based on an average daily trading volume, of 4,592,030 shares, the days-to-cover ratio is currently 2.6 days. Currently, 0.0% of the shares of the stock are short sold.
News Corp (NASDAQ:NWSA) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters 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. The company’s quarterly revenue was down 3.1% on a year-over-year basis. Analysts expect that News Corp will post $0.45 EPS 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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