News (NASDAQ:NWSA) Coverage Initiated at Citigroup

Research analysts at Citigroup began coverage on shares of News (NASDAQ:NWSA) in a research report issued on Friday, Marketbeat.com reports. The brokerage set a “buy” rating and a $36.00 price target on the stock. Citigroup’s target price suggests a potential upside of 33.43% from the company’s current price.

NWSA has been the topic of several other research reports. StockNews.com raised News from a “hold” rating to a “buy” rating in a research report on Thursday, December 26th. Loop Capital cut their target price on News from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Finally, Guggenheim raised their target price on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Six analysts have rated the stock with a buy rating, According to MarketBeat.com, News has a consensus rating of “Buy” and a consensus target price of $38.50.

News Stock Performance

Shares of NWSA opened at $26.98 on Friday. The stock has a 50-day simple moving average of $28.56 and a 200-day simple moving average of $27.54. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. The stock has a market capitalization of $15.34 billion, a PE ratio of 43.52 and a beta of 1.35. News has a 1 year low of $22.65 and a 1 year high of $30.03.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in NWSA. Barclays PLC increased its position in News by 124.0% during the third quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock worth $391,832,000 after buying an additional 8,144,856 shares during the period. Whale Rock Capital Management LLC acquired a new position in News during the third quarter worth approximately $44,585,000. State Street Corp increased its position in 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. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in News by 1,815.4% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,413,158 shares of the company’s stock worth $37,632,000 after buying an additional 1,339,379 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of News by 230.1% in the third quarter. Bank of Montreal Can now owns 1,092,506 shares of the company’s stock valued at $28,951,000 after purchasing an additional 761,524 shares during the period. 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.