News (NASDAQ:NWS) Upgraded at Zacks Research

Key Points

• News (NASDAQ:NWS) was upgraded from a "strong sell" to a "hold" rating by Zacks Research, reflecting improved analyst sentiment.
• Weiss Ratings maintained a "buy (b)" rating on News, contributing to an overall average rating of "buy" across multiple analysts.
• The company reported better-than-expected earnings for the last quarter, with $0.19 EPS compared to analysts' estimates of $0.18, and revenue exceeding predictions at $2.11 billion.

News (NASDAQ:NWS - Get Free Report) was upgraded by stock analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

Separately, Weiss Ratings reiterated a "buy (b)" rating on shares of News in a research note on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, News currently has an average rating of "Buy".

News Trading Down 2.9%

NASDAQ NWS opened at $30.89 on Monday. The stock has a market capitalization of $17.45 billion, a price-to-earnings ratio of 14.85 and a beta of 1.17. News has a one year low of $26.25 and a one year high of $35.58. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.84 and a quick ratio of 1.72. The business's fifty day moving average is $33.45 and its 200-day moving average is $32.56.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Aaron Wealth Advisors LLC purchased a new position in shares of News during the third quarter worth about $243,000. GAMMA Investing LLC grew its holdings in shares of News by 11.4% during the third quarter. GAMMA Investing LLC now owns 16,283 shares of the company's stock worth $563,000 after purchasing an additional 1,663 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of News by 8.9% during the second quarter. Corient Private Wealth LLC now owns 13,035 shares of the company's stock worth $447,000 after purchasing an additional 1,067 shares in the last quarter. Stance Capital LLC purchased a new position in shares of News during the second quarter worth about $1,408,000. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of News by 2.3% during the second quarter. CANADA LIFE ASSURANCE Co now owns 19,333 shares of the company's stock worth $664,000 after purchasing an additional 435 shares in the last quarter. Hedge funds and other institutional investors own 14.63% 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.

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