StockNews.com Upgrades News (NASDAQ:NWSA) to Buy

StockNews.com upgraded shares of News (NASDAQ:NWSA) from a hold rating to a buy rating in a research note released on Tuesday.

A number of other brokerages have also commented on NWSA. Guggenheim upped their price target on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. increased their target price on News from $34.00 to $37.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Finally, Loop Capital boosted their price target on News from $41.00 to $44.00 and gave the company a “buy” rating in a research note on Monday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $40.33.

News Trading Down 1.1 %

NWSA stock opened at $29.06 on Tuesday. The stock has a market cap of $16.53 billion, a price-to-earnings ratio of 46.87 and a beta of 1.35. The company has a fifty day moving average price of $27.84 and a two-hundred day moving average price of $27.43. News has a one year low of $21.85 and a one year high of $30.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NWSA. Seelaus Asset Management LLC grew its position in News by 3.8% during the third quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock worth $304,000 after buying an additional 417 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of News by 3.7% during the 2nd quarter. Fifth Third Bancorp now owns 13,802 shares of the company’s stock worth $381,000 after purchasing an additional 496 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of News by 95.1% in the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock worth $28,000 after purchasing an additional 506 shares during the period. CWM LLC raised its stake in News by 7.8% in the second quarter. CWM LLC now owns 7,339 shares of the company’s stock valued at $202,000 after purchasing an additional 532 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in News by 9.0% during the third quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock worth $175,000 after purchasing an additional 543 shares during the period. 66.97% of the stock is owned by institutional investors.

News Company Profile

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.