News (NASDAQ:NWSA) Stock Rating Lowered by Wall Street Zen

News (NASDAQ:NWSA) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Monday.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings cut shares of News from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 26th. Citigroup dropped their price target on News from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Monday, February 9th. JPMorgan Chase & Co. cut their price objective on News from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Tuesday, November 25th. Zacks Research raised News from a “strong sell” rating to a “hold” rating in a report on Thursday, March 5th. Finally, Morgan Stanley set a $32.40 target price on News in a research report on Friday, February 6th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, News currently has an average rating of “Moderate Buy” and a consensus target price of $37.02.

News Price Performance

Shares of NASDAQ:NWSA opened at $23.97 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.69 and a current ratio of 1.81. The firm has a market cap of $13.31 billion, a price-to-earnings ratio of 11.81 and a beta of 0.98. The business has a 50-day simple moving average of $24.55 and a two-hundred day simple moving average of $26.11. News has a fifty-two week low of $22.20 and a fifty-two week high of $31.61.

News (NASDAQ:NWSA) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.07. News had a net margin of 13.35% and a return on equity of 5.94%. The firm had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter last year, the firm posted $0.33 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts expect that News will post 0.94 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of News during the 3rd quarter valued at approximately $31,000. CYBER HORNET ETFs LLC bought a new stake in News during the 2nd quarter worth approximately $30,000. Root Financial Partners LLC purchased a new position in News during the third quarter valued at approximately $35,000. Advisory Services Network LLC bought a new position in shares of News in the third quarter worth approximately $35,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of News by 154.5% in the third quarter. Brown Brothers Harriman & Co. now owns 1,285 shares of the company’s stock worth $39,000 after purchasing an additional 780 shares in the last quarter. Institutional investors own 66.97% of the company’s stock.

About News

News Corporation (NASDAQ: NWSA) is a global diversified media and information services company headquartered in New York City. It operates through two principal segments: News and Information Services, and Digital Real Estate Services. The company’s news and information division oversees a portfolio of leading newspapers, magazines and digital platforms, offering content across print and online channels. Its properties include Dow Jones, publisher of The Wall Street Journal and Barron’s, News UK titles such as The Times and The Sun, as well as News Corp Australia mastheads.

In addition to its journalism assets, News Corp is a significant player in book publishing through HarperCollins, one of the world’s largest consumer publishers.