News (NASDAQ:NWS) Stock Rating Upgraded by Zacks Research

Key Points

• Zacks Research has upgraded News Corporation's stock rating to a "strong sell," indicating changes in analysts' sentiment regarding the company's prospects.
• As of now, News Corporation's stock trades at approximately $34.40 with a market cap of $19.47 billion and a price-to-earnings ratio of 16.54.
• Recent activity from institutional investors shows notable changes in shareholdings, with Fifth Third Bancorp increasing its position by 3.6% during the second quarter.

News (NASDAQ:NWS - Get Free Report) was upgraded by investment analysts at Zacks Research to a "strong sell" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

News Price Performance

Shares of NWS opened at $34.40 on Tuesday. The company has a market cap of $19.47 billion, a price-to-earnings ratio of 16.54 and a beta of 1.23. News has a twelve month low of $26.25 and a twelve month high of $35.58. The company has a quick ratio of 1.72, a current ratio of 1.84 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $33.46 and a two-hundred day moving average of $32.27.

News (NASDAQ:NWS - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.01. The company had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.09 billion. News had a net margin of 13.21% and a return on equity of 5.66%. As a group, analysts predict that News will post 1.03 earnings per share for the current fiscal year.

Institutional Investors Weigh In On News

Institutional investors and hedge funds have recently made changes to their positions in the stock. Fifth Third Bancorp raised its holdings in shares of News by 3.6% during the second quarter. Fifth Third Bancorp now owns 8,805 shares of the company's stock worth $302,000 after purchasing an additional 302 shares during the last quarter. Resona Asset Management Co. Ltd. raised its holdings in shares of News by 75.3% during the first quarter. Resona Asset Management Co. Ltd. now owns 964 shares of the company's stock worth $29,000 after purchasing an additional 414 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of News by 13.0% during the second quarter. Asset Management One Co. Ltd. now owns 3,628 shares of the company's stock worth $124,000 after purchasing an additional 418 shares during the last quarter. Mather Group LLC. raised its holdings in shares of News by 6.2% during the second quarter. Mather Group LLC. now owns 7,130 shares of the company's stock worth $245,000 after purchasing an additional 419 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of News by 9.6% during the first quarter. CWM LLC now owns 4,837 shares of the company's stock worth $147,000 after purchasing an additional 425 shares during the last quarter. 14.63% of the stock is currently owned by institutional investors and hedge funds.

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.

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