Research analysts at Lazard Capital Markets upped their target price on shares of News Corp (NASDAQ: NWSA) to $35.00 in a report released on Wednesday. The firm currently has a “buy” rating on the stock.

Shares of News Corp traded down 0.46% during mid-day trading on Wednesday, hitting $30.05. News Corp has a 52 week low of $13.55 and a 52 week high of $24.04. The stock’s 50-day moving average is currently $22.13. The company has a market cap of $69.874 billion and a P/E ratio of 18.10.

News Corp last posted its quarterly earnings results on Wednesday, February 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. The company had revenue of $9.43 billion for the quarter, compared to the consensus estimate of $9.27 billion. During the same quarter in the previous year, the company posted $0.39 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that News Corp will post $1.68 EPS for the current fiscal year.

A number of other firms have also recently commented on NWSA. Analysts at Needham & Company reiterated a “buy” rating on shares of News Corp in a research note to investors on Wednesday. They now have a $38.00 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of News Corp in a research note to investors on Wednesday. They now have a $28.00 price target on the stock. Finally, analysts at Wunderlich raised their price target on shares of News Corp from $32.00 to $36.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock.

Twenty-three analysts have rated the stock with a buy rating, three have assigned an overweight rating, five have assigned a hold rating, and one has issued an underweight rating to the company. News Corp currently has an average rating of “overweight” and a consensus target price of $30.76.

The company also recently declared a semiannual dividend, which is scheduled for Wednesday, April 17th. Stockholders of record on Wednesday, March 13th will be given a dividend of $0.09 per share. This represents a yield of 0.62%. The ex-dividend date of this dividend is Monday, March 11th.

News Corporation is a diversified global media company. The Company operates in six segments: Cable Network Programming; Filmed Entertainment; Television; Direct Broadcast Satellite Television; Publishing, and Other.

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