News (NASDAQ:NWSA) Upgraded to "Buy" at StockNews.com

News (NASDAQ:NWSA - Get Free Report) was upgraded by investment analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Wednesday.

Other equities analysts also recently issued reports about the stock. Morgan Stanley dropped their target price 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. Seaport Res Ptn upgraded shares of News to a "strong-buy" rating in a report on Friday, January 31st. Guggenheim raised their target price on shares of News from $40.00 to $43.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Finally, UBS Group raised shares of News from a "neutral" rating to a "buy" rating in a research report on Tuesday, February 4th. Seven analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $38.80.

News Price Performance

Shares of NASDAQ NWSA traded up $0.17 during midday trading on Wednesday, hitting $28.32. The company had a trading volume of 3,315,353 shares, compared to its average volume of 2,801,956. The company has a quick ratio of 1.65, a current ratio of 1.73 and a debt-to-equity ratio of 0.22. News has a twelve month low of $23.38 and a twelve month high of $30.69. The business has a 50-day simple moving average of $26.77 and a two-hundred day simple moving average of $27.87. The firm has a market capitalization of $16.03 billion, a price-to-earnings ratio of 38.80 and a beta of 1.30.

News (NASDAQ:NWSA - Get Free Report) last posted its 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 net margin of 4.22% and a return on equity of 5.31%. The business had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2 billion. During the same quarter last year, the business posted $0.13 earnings per share. The business's revenue was up .8% compared to the same quarter last year. Equities research analysts anticipate that News will post 0.94 earnings per share for the current year.

Hedge Funds Weigh In On News

A number of institutional investors have recently modified their holdings of NWSA. Signaturefd LLC increased its position in News by 3.5% during the first quarter. Signaturefd LLC now owns 11,833 shares of the company's stock worth $322,000 after purchasing an additional 398 shares during the last quarter. Horizon Investments LLC raised its stake in News by 7.7% during the first quarter. Horizon Investments LLC now owns 5,575 shares of the company's stock worth $152,000 after purchasing an additional 398 shares during the period. Franklin Resources Inc. raised its stake in News by 1.9% during the fourth quarter. Franklin Resources Inc. now owns 21,962 shares of the company's stock worth $605,000 after purchasing an additional 418 shares during the period. Ballentine Partners LLC raised its stake in News by 3.8% during the fourth 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 period. Finally, Boyar Asset Management Inc. raised its stake in News by 2.9% during the fourth quarter. Boyar Asset Management Inc. now owns 15,203 shares of the company's stock worth $419,000 after purchasing an additional 422 shares during the period. Institutional investors and hedge funds 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.