News (NASDAQ:NWSA) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of News (NASDAQ:NWSA) from a hold rating to a buy rating in a report published on Thursday morning.

Several other research firms also recently commented on NWSA. Guggenheim raised their price objective on News from $36.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Loop Capital decreased their target price on shares of News from $44.00 to $41.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $39.33.

News Price Performance

Shares of News stock opened at $27.79 on Thursday. The stock has a market cap of $15.80 billion, a P/E ratio of 44.82 and a beta of 1.35. 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’s fifty day moving average is $28.38 and its 200 day moving average is $27.52. News has a one year low of $22.65 and a one year high of $30.03.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NWSA. State Street Corp boosted its holdings in shares of News by 6.1% during the 3rd quarter. State Street Corp now owns 25,799,596 shares of the company’s stock valued at $689,397,000 after purchasing an additional 1,476,224 shares during the last quarter. Barclays PLC boosted its stake in News by 124.0% during the third 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 last quarter. Geode Capital Management LLC grew its holdings in 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 buying an additional 90,419 shares in the last quarter. Metropolis Capital Ltd increased its stake in News by 8.9% in the 3rd quarter. Metropolis Capital Ltd now owns 6,779,137 shares of the company’s stock worth $180,528,000 after acquiring an additional 555,789 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of News by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,337,650 shares of the company’s stock worth $115,512,000 after acquiring an additional 53,550 shares in the last quarter. 66.97% of the stock is currently owned by 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.