Shares of News Corporation (NASDAQ:NWSA – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $37.14.
NWSA has been the subject of several recent analyst reports. Weiss Ratings raised shares of News from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 27th. Wall Street Zen upgraded News from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Morgan Stanley restated an “overweight” rating and set a $34.00 price objective on shares of News in a research note on Sunday, May 10th. Finally, Citigroup lowered their price objective on shares of News from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, May 13th.
Check Out Our Latest Research Report on News
Hedge Funds Weigh In On News
News Price Performance
Shares of NASDAQ NWSA opened at $27.49 on Friday. News has a fifty-two week low of $22.20 and a fifty-two week high of $31.61. The business has a 50 day moving average price of $26.19 and a two-hundred day moving average price of $25.46. The company has a quick ratio of 1.59, a current ratio of 1.70 and a debt-to-equity ratio of 0.21. The firm has a market cap of $15.05 billion, a PE ratio of 13.68 and a beta of 0.89.
News (NASDAQ:NWSA – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.11 billion. News had a return on equity of 6.12% and a net margin of 12.92%.News’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 EPS. Sell-side analysts expect that News will post 0.92 earnings per share for the current fiscal year.
About News
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.
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