News (NASDAQ:NWSA) was upgraded by research analysts at UBS Group from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, January 17th, The Fly reports.
Other research analysts have also recently issued reports about the company. Zacks Investment Research raised News from a “sell” rating to a “hold” rating in a research report on Monday, September 24th. Citigroup raised News from a “neutral” rating to a “buy” rating in a research report on Monday, January 14th. Goldman Sachs Group raised News from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 9th. Finally, ValuEngine raised News from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $14.17.
Shares of News stock traded down $0.25 during trading on Thursday, reaching $12.46. 3,686,241 shares of the company were exchanged, compared to its average volume of 2,169,035. The company has a quick ratio of 1.15, a current ratio of 1.26 and a debt-to-equity ratio of 0.11. News has a twelve month low of $10.65 and a twelve month high of $16.68. The stock has a market cap of $7.29 billion, a PE ratio of 28.32, a price-to-earnings-growth ratio of 3.48 and a beta of 1.54.
News (NASDAQ:NWSA) last announced its quarterly earnings data on Thursday, February 7th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. News had a positive return on equity of 2.71% and a negative net margin of 13.11%. The business had revenue of $2.63 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the firm earned $0.24 earnings per share. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. Analysts expect that News will post 0.39 EPS for the current fiscal year.
A number of large investors have recently added to or reduced their stakes in NWSA. Paloma Partners Management Co bought a new stake in News in the second quarter valued at approximately $818,000. Putnam Investments LLC increased its stake in shares of News by 4.9% during the second quarter. Putnam Investments LLC now owns 428,548 shares of the company’s stock worth $6,643,000 after purchasing an additional 20,006 shares during the period. United Services Automobile Association increased its stake in shares of News by 30.1% during the second quarter. United Services Automobile Association now owns 273,716 shares of the company’s stock worth $4,243,000 after purchasing an additional 63,335 shares during the period. State of Alaska Department of Revenue increased its stake in shares of News by 14.0% during the third quarter. State of Alaska Department of Revenue now owns 86,583 shares of the company’s stock worth $1,141,000 after purchasing an additional 10,663 shares during the period. Finally, Bank of Montreal Can increased its stake in shares of News by 9.8% during the third quarter. Bank of Montreal Can now owns 1,164,419 shares of the company’s stock worth $15,359,000 after purchasing an additional 103,808 shares during the period. Hedge funds and other institutional investors own 60.99% of the company’s stock.
News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.
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