News (NASDAQ:NWSA) Stock Rating Upgraded by UBS Group

News (NASDAQ:NWSA) was upgraded by equities research analysts at UBS Group from a “neutral” rating to a “buy” rating in a report issued on Tuesday, Marketbeat Ratings reports.

Other equities analysts also recently issued reports about the company. StockNews.com downgraded News from a “buy” rating to a “hold” rating in a research report on Sunday. Seaport Res Ptn raised News to a “strong-buy” rating in a research report on Friday, January 31st. Citigroup assumed coverage on shares of News in a report on Friday, January 10th. They issued a “buy” rating and a $36.00 target price for the company. Loop Capital lowered their price target 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. Finally, Guggenheim increased their price objective on shares of News from $40.00 to $43.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, News currently has a consensus rating of “Buy” and a consensus price target of $39.25.

News Trading Up 0.9 %

News stock opened at $28.78 on Tuesday. News has a 52-week low of $22.65 and a 52-week high of $30.03. The company has a market cap of $16.37 billion, a P/E ratio of 46.42 and a beta of 1.35. 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 has a 50-day simple moving average of $28.19 and a two-hundred day simple moving average of $27.57.

News (NASDAQ:NWSA) last announced its earnings results on Wednesday, February 5th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. News had a net margin of 3.49% and a return on equity of 4.76%. Analysts predict that News will post 0.91 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Qsemble Capital Management LP purchased a new position in News in the third quarter worth about $990,000. Barclays PLC raised its holdings in News by 124.0% during the 3rd quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock valued at $391,832,000 after buying an additional 8,144,856 shares during the period. Lecap Asset Management Ltd. boosted its stake in News by 313.6% during the third quarter. Lecap Asset Management Ltd. now owns 35,145 shares of the company’s stock worth $936,000 after buying an additional 26,648 shares during the period. Charles Schwab Investment Management Inc. increased its position in News by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,337,650 shares of the company’s stock valued at $115,512,000 after acquiring an additional 53,550 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of News by 26.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 180,283 shares of the company’s stock valued at $4,801,000 after acquiring an additional 37,702 shares during the period. 66.97% of the stock is owned by hedge funds and other institutional investors.

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.