News (NASDAQ:NWSA) Upgraded at UBS Group

News (NASDAQ:NWSA) was upgraded by stock analysts at UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Tuesday,Briefing.com Automated Import reports.

Other equities research analysts also recently issued research reports about the company. StockNews.com cut shares of News from a “buy” rating to a “hold” rating in a research note on Sunday. Citigroup started coverage on shares of News in a research report on Friday, January 10th. They set a “buy” rating and a $36.00 price objective for the company. Loop Capital cut their target price on shares of News from $44.00 to $41.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Seaport Res Ptn raised News to a “strong-buy” rating in a report on Friday. Finally, Guggenheim upped their target price on News from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, News currently has an average rating of “Buy” and an average price target of $39.25.

News Stock Performance

NWSA stock opened at $28.08 on Tuesday. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30. The business’s 50-day moving average price is $28.21 and its two-hundred day moving average price is $27.55. News has a 1-year low of $22.65 and a 1-year high of $30.03. The firm has a market cap of $15.97 billion, a PE ratio of 45.29 and a beta of 1.35.

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

Hedge Funds Weigh In On News

A number of hedge funds have recently modified their holdings of NWSA. State Street Corp increased its position in shares of News by 6.1% during the third quarter. State Street Corp now owns 25,799,596 shares of the company’s stock worth $689,397,000 after buying an additional 1,476,224 shares during the period. Barclays PLC lifted its stake in shares of News by 124.0% in the 3rd quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock valued at $391,832,000 after purchasing an additional 8,144,856 shares during the period. Geode Capital Management LLC boosted its position in shares of News by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 9,622,246 shares of the company’s stock valued at $255,457,000 after purchasing an additional 90,419 shares in the last quarter. Metropolis Capital Ltd grew its stake in News by 8.9% during the third quarter. Metropolis Capital Ltd now owns 6,779,137 shares of the company’s stock worth $180,528,000 after purchasing an additional 555,789 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in News by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,337,650 shares of the company’s stock worth $115,512,000 after purchasing an additional 53,550 shares in the last quarter. Institutional investors and hedge funds 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.