News (NASDAQ:NWSA) Downgraded to Hold Rating by StockNews.com

News (NASDAQ:NWSA) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

NWSA has been the subject of a number of other reports. Seaport Res Ptn upgraded shares of News to a “strong-buy” rating in a report on Friday. Loop Capital lowered their price target on shares of News from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Citigroup initiated coverage on shares of News in a report on Friday, January 10th. They set a “buy” rating and a $36.00 price target for the company. Finally, Guggenheim upped their price objective on shares of News from $40.00 to $43.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $39.25.

News Price Performance

Shares of News stock opened at $28.08 on Friday. News has a 52-week low of $22.65 and a 52-week high of $30.03. The stock has a market capitalization of $15.97 billion, a price-to-earnings ratio of 45.29 and a beta of 1.35. The company has a fifty day moving average of $28.21 and a 200-day moving average of $27.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38.

News (NASDAQ:NWSA) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. News had a net margin of 3.49% and a return on equity of 4.76%. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the prior year, the business posted $0.16 EPS. Equities research analysts expect that News will post 0.91 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Brooklyn Investment Group purchased a new stake in shares of News in the 3rd quarter worth about $39,000. R Squared Ltd purchased a new stake in shares of News in the 4th quarter worth about $49,000. ORG Wealth Partners LLC purchased a new stake in shares of News in the 3rd quarter worth about $79,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of News in the 3rd quarter worth about $85,000. Finally, Principal Securities Inc. grew its position in shares of News by 18.5% in the 4th quarter. Principal Securities Inc. now owns 3,334 shares of the company’s stock worth $92,000 after buying an additional 521 shares during the period. 66.97% of the stock is currently 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.