News (NASDAQ:NWSA) Upgraded by UBS Group to “Buy” Rating

UBS Group upgraded shares of News (NASDAQ:NWSA) from a neutral rating to a buy rating in a research note released on Tuesday, MarketBeat.com reports.

NWSA has been the subject of several other research reports. Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a report on Friday, January 31st. Citigroup started coverage on shares of News in a research note on Friday, January 10th. They issued a “buy” rating and a $36.00 price objective for the company. Loop Capital reduced their target price on News from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday, December 23rd. StockNews.com lowered News from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Guggenheim upped their price objective on News from $40.00 to $43.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, News presently has a consensus rating of “Buy” and a consensus target price of $39.25.

News Stock Up 1.6 %

Shares of NASDAQ NWSA opened at $28.52 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26. News has a 1 year low of $22.65 and a 1 year high of $30.03. The stock has a market capitalization of $16.22 billion, a P/E ratio of 46.00 and a beta of 1.35. The company has a 50-day moving average price of $28.19 and a 200-day moving average price of $27.56.

News (NASDAQ:NWSA) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05. News had a return on equity of 4.76% and a net margin of 3.49%. The firm had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the business posted $0.16 earnings per share. On average, equities research analysts forecast that News will post 0.91 EPS for the current fiscal year.

Hedge Funds Weigh In On News

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Creative Planning boosted its holdings in News by 51.6% in the 2nd quarter. Creative Planning now owns 46,090 shares of the company’s stock worth $1,271,000 after buying an additional 15,692 shares during the period. Czech National Bank grew its position in shares of News by 6.7% in the third quarter. Czech National Bank now owns 77,069 shares of the company’s stock valued at $2,052,000 after purchasing an additional 4,807 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of News by 38.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 148,700 shares of the company’s stock valued at $3,960,000 after purchasing an additional 41,600 shares during the period. GAMMA Investing LLC lifted its holdings in News by 9.0% during the 3rd quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock worth $175,000 after purchasing an additional 543 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC bought a new position in News in the 3rd quarter worth about $288,000. 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.