News' (NWS) "Buy (B)" Rating Reaffirmed at Weiss Ratings

Key Points

• News Corporation's stock has received a reaffirmed "buy (B)" rating from Weiss Ratings, indicating positive analyst sentiment.
• Despite a recent upgrade from a "strong sell" to a "hold" rating by Zacks Research, there remains a consensus "Buy" rating from various analysts.
• The company reported earnings of $0.19 per share, exceeding analysts' expectations of $0.18, along with a revenue of $2.11 billion for the last quarter.

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

Separately, Zacks Research upgraded shares of News from a "strong sell" rating to a "hold" rating in a research report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy".

News Trading Up 0.0%

NASDAQ NWS opened at $30.15 on Friday. The company has a market capitalization of $17.03 billion, a PE ratio of 14.50 and a beta of 1.17. The company has a fifty day moving average of $32.48 and a 200 day moving average of $32.59. News has a 1 year low of $26.25 and a 1 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.

News (NASDAQ:NWS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. Research analysts forecast that News will post 1.03 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. SVB Wealth LLC acquired a new position in shares of News during the 1st quarter worth about $27,000. NorthRock Partners LLC acquired a new position in shares of News during the 2nd quarter worth about $27,000. First Horizon Advisors Inc. raised its position 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 purchasing an additional 922 shares during the last quarter. Resona Asset Management Co. Ltd. raised its position 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 purchasing an additional 414 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of News during the 2nd quarter worth about $30,000. Institutional investors and hedge funds 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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