BidaskClub upgraded shares of News Corporation (NASDAQ:NWS) from a hold rating to a buy rating in a research note released on Wednesday, July 19th.
Shares of News Corporation (NASDAQ NWS) traded down 1.182% during mid-day trading on Wednesday, hitting $14.625. The stock had a trading volume of 117,450 shares. News Corporation has a 52-week low of $11.25 and a 52-week high of $15.22. The company’s 50 day moving average is $14.16 and its 200-day moving average is $13.39. The stock’s market cap is $8.51 billion.
News Corporation (NASDAQ:NWS) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.03. The company had revenue of $1.98 billion for the quarter. News Corporation had a negative net margin of 2.64% and a positive return on equity of 1.77%. On average, equities research analysts anticipate that News Corporation will post $1.39 earnings per share for the current fiscal year.
TRADEMARK VIOLATION WARNING: This article was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another domain, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be viewed at https://stocknewstimes.com/2017/08/08/news-corporation-nasdaqnws-upgraded-by-bidaskclub-to-buy-updated-updated.html.
Institutional investors have recently modified their holdings of the stock. State Street Corp raised its position in shares of News Corporation by 7.3% in the first quarter. State Street Corp now owns 4,192,557 shares of the company’s stock valued at $56,601,000 after buying an additional 286,012 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of News Corporation by 12.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,498,859 shares of the company’s stock valued at $20,236,000 after buying an additional 161,953 shares during the last quarter. Geode Capital Management LLC raised its position in shares of News Corporation by 9.2% in the first quarter. Geode Capital Management LLC now owns 1,233,918 shares of the company’s stock valued at $16,639,000 after buying an additional 103,524 shares during the last quarter. Independent Franchise Partners LLP acquired a new position in shares of News Corporation during the second quarter valued at about $16,945,000. Finally, Norges Bank acquired a new position in shares of News Corporation during the fourth quarter valued at about $14,029,000. 9.95% of the stock is currently owned by 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.
Receive News & Ratings for News Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for News Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
