News (NASDAQ:NWSA) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of News (NASDAQ:NWSA - Free Report) from a buy rating to a hold rating in a report published on Tuesday morning.

Several other equities research analysts also recently weighed in on NWSA. UBS Group raised News from a "neutral" rating to a "buy" rating in a research report on Tuesday, February 4th. Citigroup assumed coverage on News in a report on Friday, January 10th. They issued a "buy" rating and a $36.00 price target for the company. Seaport Res Ptn raised shares of News to a "strong-buy" rating in a report on Friday, January 31st. Guggenheim increased their price target on shares of News from $40.00 to $43.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Finally, Morgan Stanley cut their price objective on shares of News from $38.00 to $37.00 and set an "overweight" rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $38.80.

News Stock Down 1.5 %

News stock traded down $0.42 during trading hours on Tuesday, reaching $28.06. The stock had a trading volume of 4,454,906 shares, compared to its average volume of 2,818,085. News has a 52 week low of $22.65 and a 52 week high of $30.69. The company has a market cap of $15.92 billion, a price-to-earnings ratio of 38.44 and a beta of 1.30. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.73 and a quick ratio of 1.65. The business's 50 day moving average price is $26.72 and its 200-day moving average price is $27.79.

News (NASDAQ:NWSA - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.02). News had a return on equity of 5.31% and a net margin of 4.22%. The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2 billion. During the same period in the prior year, the business posted $0.13 EPS. News's revenue was up .8% compared to the same quarter last year. Sell-side analysts anticipate that News will post 0.94 EPS for the current year.

Institutional Investors Weigh In On News

Institutional investors have recently bought and sold shares of the company. Signaturefd LLC grew its position in News by 3.5% in the first quarter. Signaturefd LLC now owns 11,833 shares of the company's stock worth $322,000 after acquiring an additional 398 shares during the period. Franklin Resources Inc. lifted its stake in shares of News by 1.9% in the 4th quarter. Franklin Resources Inc. now owns 21,962 shares of the company's stock valued at $605,000 after purchasing an additional 418 shares during the last quarter. Ballentine Partners LLC increased its position in shares of News by 3.8% during the 4th quarter. Ballentine Partners LLC now owns 11,576 shares of the company's stock worth $319,000 after purchasing an additional 422 shares during the last quarter. Boyar Asset Management Inc. lifted its position in News by 2.9% in the fourth quarter. Boyar Asset Management Inc. now owns 15,203 shares of the company's stock valued at $419,000 after buying an additional 422 shares during the last quarter. Finally, Principal Securities Inc. boosted its stake in News by 18.5% during the fourth quarter. Principal Securities Inc. now owns 3,334 shares of the company's stock worth $92,000 after buying an additional 521 shares during the period. 66.97% 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.