News (NASDAQ:NWSA) Raised to “Buy” at StockNews.com

News (NASDAQ:NWSA) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Thursday.

Several other analysts have also recently weighed in on NWSA. Guggenheim boosted their price target on News from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Tuesday, November 12th. Loop Capital reduced their target price on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $39.33.

News Trading Down 1.3 %

NASDAQ NWSA opened at $27.79 on Thursday. The company has a market cap of $15.80 billion, a price-to-earnings ratio of 44.82 and a beta of 1.35. News has a twelve month low of $22.65 and a twelve month high of $30.03. The company has a quick ratio of 1.26, a current ratio of 1.38 and a debt-to-equity ratio of 0.30. The business’s fifty day moving average is $28.36 and its 200 day moving average is $27.52.

Hedge Funds Weigh In On News

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp raised its holdings in News by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,855,605 shares of the company’s stock worth $78,729,000 after purchasing an additional 61,417 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in News by 178.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 142,581 shares of the company’s stock valued at $3,931,000 after buying an additional 91,457 shares during the period. Innealta Capital LLC bought a new stake in News during the second quarter valued at $46,000. iA Global Asset Management Inc. acquired a new stake in News during the 2nd quarter worth about $262,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of News by 2.6% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 41,181 shares of the company’s stock valued at $1,135,000 after purchasing an additional 1,039 shares during the period. 66.97% of the stock is owned by institutional investors and hedge funds.

About News

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.