Citigroup Inc. upgraded shares of News Corporation (NASDAQ:NWS) from a neutral rating to a buy rating in a research note issued to investors on Wednesday, July 26th, MarketBeat Ratings reports.
Separately, BidaskClub raised News Corporation from a hold rating to a buy rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold.
News Corporation (NASDAQ NWS) traded down 0.34% during mid-day trading on Wednesday, reaching $14.60. The company had a trading volume of 374,219 shares. The stock’s market capitalization is $8.49 billion. The stock has a 50 day moving average price of $14.16 and a 200-day moving average price of $13.39. News Corporation has a 12-month low of $11.25 and a 12-month high of $15.22.
News Corporation (NASDAQ:NWS) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $1.98 billion during the quarter. News Corporation had a negative net margin of 2.64% and a positive return on equity of 1.77%. Equities analysts anticipate that News Corporation will post $1.39 EPS for the current fiscal year.
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Several large investors have recently made changes to their positions in NWS. LS Investment Advisors LLC raised its stake in shares of News Corporation by 15.3% in the second quarter. LS Investment Advisors LLC now owns 7,601 shares of the company’s stock worth $108,000 after buying an additional 1,010 shares during the period. Advisors Asset Management Inc. raised its stake in shares of News Corporation by 1.3% in the first quarter. Advisors Asset Management Inc. now owns 10,785 shares of the company’s stock worth $146,000 after buying an additional 138 shares during the period. CIBC Asset Management Inc raised its stake in shares of News Corporation by 0.3% in the second quarter. CIBC Asset Management Inc now owns 10,360 shares of the company’s stock worth $147,000 after buying an additional 35 shares during the period. QUANTRES ASSET MANAGEMENT Ltd raised its stake in shares of News Corporation by 0.9% in the first quarter. QUANTRES ASSET MANAGEMENT Ltd now owns 11,200 shares of the company’s stock worth $151,000 after buying an additional 100 shares during the period. Finally, Marshall Wace North America L.P. bought a new stake in shares of News Corporation during the second quarter worth $160,000. 9.76% of the stock is currently owned by hedge funds and other institutional investors.
About News Corporation
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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