News Corporation (NASDAQ:NWS) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

News Corporation (NWS) traded up 2.14% during midday trading on Wednesday, reaching $14.35. 208,304 shares of the company traded hands. News Corporation has a one year low of $11.25 and a one year high of $15.22. The company’s market capitalization is $8.35 billion. The stock’s 50 day moving average is $13.96 and its 200 day moving average is $13.23.

News Corporation (NASDAQ:NWS) last issued its earnings results on Tuesday, May 9th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.03. News Corporation had a negative net margin of 2.64% and a positive return on equity of 1.77%. The firm had revenue of $1.98 billion for the quarter. On average, equities analysts anticipate that News Corporation will post $1.39 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in NWS. LS Investment Advisors LLC raised its stake in shares of News Corporation by 15.3% in the second quarter. LS Investment Advisors LLC now owns 7,601 shares of the company’s stock worth $108,000 after buying an additional 1,010 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of News Corporation by 1.3% in the first quarter. Advisors Asset Management Inc. now owns 10,785 shares of the company’s stock valued at $146,000 after buying an additional 138 shares in the last quarter. QUANTRES ASSET MANAGEMENT Ltd raised its position in shares of News Corporation by 0.9% in the first quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 11,200 shares of the company’s stock valued at $151,000 after buying an additional 100 shares in the last quarter. Advantus Capital Management Inc raised its position in shares of News Corporation by 1.2% in the first quarter. Advantus Capital Management Inc now owns 11,934 shares of the company’s stock valued at $161,000 after buying an additional 136 shares in the last quarter. Finally, New Mexico Educational Retirement Board raised its position in shares of News Corporation by 11.0% in the first quarter. New Mexico Educational Retirement Board now owns 12,100 shares of the company’s stock valued at $163,000 after buying an additional 1,200 shares in the last quarter. 9.73% of the stock is owned by institutional investors.

About News Corporation

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. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.

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