News (NASDAQ:NWS) Earns Buy (B) Rating from Weiss Ratings

Key Points

• The stock of News Corporation (NASDAQ:NWS) has been given a reaffirmed "buy (B)" rating by Weiss Ratings.
• Recently, Zacks Research upgraded News from a "strong sell" to a "hold" rating, contributing to a consensus "Buy" rating from analysts.
• News exceeded quarterly earnings expectations, reporting $0.19 EPS against a consensus estimate of $0.18, and achieved a revenue of $2.11 billion for the quarter.

News (NASDAQ:NWS - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by equities research analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Zacks Research raised News from a "strong sell" rating to a "hold" rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

News Price Performance

NWS opened at $30.50 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.72 and a current ratio of 1.84. News has a 52-week low of $26.25 and a 52-week high of $35.58. The stock has a market capitalization of $17.23 billion, a PE ratio of 14.66 and a beta of 1.17. The stock's 50 day moving average price is $33.39 and its 200-day moving average price is $32.54.

News (NASDAQ:NWS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.01. The firm had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.09 billion. News had a return on equity of 5.66% and a net margin of 13.21%. On average, equities research analysts predict that News will post 1.03 EPS for the current year.

Institutional Trading of News

Several institutional investors and hedge funds have recently added to or reduced their stakes in NWS. SVB Wealth LLC bought a new stake in News during the 1st quarter valued at approximately $27,000. NorthRock Partners LLC bought a new stake in shares of News during the 2nd quarter worth approximately $27,000. First Horizon Advisors Inc. lifted its stake in shares of News by 3,546.2% during the 1st quarter. First Horizon Advisors Inc. now owns 948 shares of the company's stock worth $29,000 after acquiring an additional 922 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its stake in shares of News by 75.3% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 964 shares of the company's stock worth $29,000 after acquiring an additional 414 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new stake in shares of News in the 2nd quarter worth $30,000. Institutional investors own 14.63% of the company's stock.

News Company Profile

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.

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