News (NASDAQ:NWSA) Rating Increased to Buy at UBS Group

UBS Group upgraded shares of News (NASDAQ:NWSA) from a neutral rating to a buy rating in a research note released on Tuesday, Marketbeat.com reports.

Several other equities research analysts have also recently commented on the company. StockNews.com cut News from a “buy” rating to a “hold” rating in a research note on Sunday. Citigroup assumed coverage on shares of News in a research note on Friday, January 10th. They issued a “buy” rating and a $36.00 price objective for the company. Guggenheim lifted their price target on shares of News from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Seaport Res Ptn raised shares of News to a “strong-buy” rating in a research report on Friday, January 31st. Finally, Loop Capital cut their price objective on News from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $39.25.

News Price Performance

NASDAQ NWSA opened at $28.52 on Tuesday. News has a 1 year low of $22.65 and a 1 year high of $30.03. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. The stock has a market capitalization of $16.22 billion, a P/E ratio of 46.00 and a beta of 1.35. The business’s fifty day moving average is $28.19 and its two-hundred day moving average is $27.56.

News (NASDAQ:NWSA) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.05. News had a net margin of 3.49% and a return on equity of 4.76%. The firm had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the previous year, the company posted $0.16 EPS. On average, research analysts forecast that News will post 0.91 earnings per share for the current fiscal year.

Institutional Trading of News

Institutional investors and hedge funds have recently bought and sold shares of the stock. Brooklyn Investment Group bought a new position in News during the 3rd quarter worth $39,000. R Squared Ltd acquired a new stake in News in the fourth quarter valued at about $49,000. ORG Wealth Partners LLC acquired a new position in News during the 3rd quarter worth approximately $79,000. Wilmington Savings Fund Society FSB bought a new position in News in the third quarter valued at about $85,000. Finally, Principal Securities Inc. raised its stake in shares of News by 18.5% during the fourth quarter. Principal Securities Inc. now owns 3,334 shares of the company’s stock valued at $92,000 after acquiring an additional 521 shares during the last quarter. Institutional investors own 66.97% of the company’s stock.

About News

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.