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

News (NASDAQ:NWSA) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

Other analysts have also issued reports about the company. Loop Capital decreased their target price on News from $44.00 to $41.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Guggenheim boosted their price objective on News from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $39.33.

News Trading Down 1.3 %

NWSA opened at $27.79 on Thursday. The company has a fifty day moving average price of $28.36 and a two-hundred day moving average price of $27.52. News has a 1-year low of $22.65 and a 1-year high of $30.03. The company has a market cap of $15.80 billion, a P/E ratio of 44.82 and a beta of 1.35. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp grew its holdings in News by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 2,855,605 shares of the company’s stock worth $78,729,000 after buying an additional 61,417 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of News by 178.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 142,581 shares of the company’s stock valued at $3,931,000 after purchasing an additional 91,457 shares during the last quarter. Innealta Capital LLC bought a new position in shares of News during the second quarter valued at about $46,000. iA Global Asset Management Inc. purchased a new position in News during the second quarter worth about $262,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in News by 2.6% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 41,181 shares of the company’s stock worth $1,135,000 after purchasing an additional 1,039 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.

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.