News (NASDAQ:NWSA) Stock Rating Upgraded by Wall Street Zen

News (NASDAQ:NWSA) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday.

Several other research firms also recently commented on NWSA. Citigroup decreased their target price on shares of News from $40.00 to $39.00 and set a “buy” rating for the company in a research report on Monday, February 9th. Zacks Research raised shares of News from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 5th. Morgan Stanley set a $32.40 price objective on News in a report on Friday, February 6th. JPMorgan Chase & Co. lowered their price objective on News from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Tuesday, November 25th. Finally, Weiss Ratings lowered News from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $37.02.

News Stock Performance

NASDAQ NWSA opened at $23.70 on Friday. The company has a market cap of $13.16 billion, a P/E ratio of 11.67 and a beta of 0.98. The company has a fifty day simple moving average of $24.88 and a 200 day simple moving average of $26.39. The company has a current ratio of 1.81, a quick ratio of 1.69 and a debt-to-equity ratio of 0.20. News has a 12-month low of $22.20 and a 12-month high of $31.61.

News (NASDAQ:NWSA) last released its quarterly earnings data on Thursday, February 5th. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.07. News had a net margin of 13.35% and a return on equity of 5.94%. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the prior year, the company posted $0.33 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts predict that News will post 0.94 earnings per share for the current fiscal year.

Hedge Funds Weigh In On News

Hedge funds and other institutional investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of News by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 37,556 shares of the company’s stock valued at $1,022,000 after acquiring an additional 1,950 shares in the last quarter. United Services Automobile Association bought a new stake in News during the first quarter worth $206,000. Empowered Funds LLC purchased a new position in News in the first quarter worth $204,000. Focus Partners Wealth grew its stake in News by 44.4% in the 1st quarter. Focus Partners Wealth now owns 16,618 shares of the company’s stock valued at $452,000 after purchasing an additional 5,106 shares during the period. Finally, Sivia Capital Partners LLC purchased a new stake in shares of News during the 2nd quarter valued at $545,000. Hedge funds and other institutional investors own 66.97% of the company’s stock.

News Company Profile

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.