News (NASDAQ:NWS) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Wednesday.
Separately, TheStreet raised News from a “c+” rating to a “b-” rating in a research report on Wednesday, November 29th.
Shares of News (NWS) traded up $0.25 during trading on Wednesday, reaching $16.80. The company’s stock had a trading volume of 647,923 shares, compared to its average volume of 827,811. The company has a market capitalization of $9,788.03, a PE ratio of 38.18 and a beta of 1.95. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.03. News has a 52-week low of $11.75 and a 52-week high of $17.05.
A number of institutional investors have recently made changes to their positions in NWS. LS Investment Advisors LLC boosted its position in shares of News by 15.3% in the second quarter. LS Investment Advisors LLC now owns 7,601 shares of the company’s stock valued at $108,000 after acquiring an additional 1,010 shares during the period. Mint Tower Capital Management B.V. bought a new stake in shares of News in the third quarter valued at approximately $120,000. Nomura Holdings Inc. boosted its position in shares of News by 111.7% in the second quarter. Nomura Holdings Inc. now owns 9,100 shares of the company’s stock valued at $129,000 after acquiring an additional 4,802 shares during the period. CIBC Asset Management Inc boosted its position in shares of News by 0.3% in the second quarter. CIBC Asset Management Inc now owns 10,360 shares of the company’s stock valued at $147,000 after acquiring an additional 35 shares during the period. Finally, ING Groep NV bought a new stake in shares of News in the third quarter valued at approximately $144,000. 9.51% of the stock is owned by hedge funds and other institutional investors.
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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