Citigroup assumed coverage on shares of News (NASDAQ:NWSA - Free Report) in a report released on Friday morning, Marketbeat Ratings reports. The brokerage issued a buy rating and a $36.00 target price on the stock.
NWSA has been the subject of several other research reports. Guggenheim increased their target price on shares of News from $36.00 to $40.00 and gave the company a "buy" rating in a report on Tuesday, November 12th. Loop Capital lowered their target price on News from $44.00 to $41.00 and set a "buy" rating on the stock in a research note on Monday, December 23rd. Finally, StockNews.com raised shares of News from a "hold" rating to a "buy" rating in a report on Thursday, December 26th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $38.50.
View Our Latest Report on NWSA
News Stock Down 1.8 %
Shares of NWSA traded down $0.49 on Friday, reaching $26.98. The company's stock had a trading volume of 2,397,011 shares, compared to its average volume of 2,235,135. 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 twelve month low of $22.65 and a twelve month high of $30.03. The firm has a fifty day moving average of $28.56 and a 200-day moving average of $27.55. The company has a current ratio of 1.38, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30.
Institutional Investors Weigh In On News
Several large investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC lifted its position in News by 95.1% during the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company's stock valued at $28,000 after purchasing an additional 506 shares during the last quarter. Brooklyn Investment Group bought a new position in shares of News during the third quarter valued at about $39,000. ORG Wealth Partners LLC bought a new position in News during the 3rd quarter valued at about $79,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of News during the 3rd quarter valued at about $85,000. Finally, Exchange Traded Concepts LLC grew its stake in shares of News by 1,419.6% in the third quarter. Exchange Traded Concepts LLC now owns 5,045 shares of the company's stock worth $134,000 after acquiring an additional 4,713 shares during the period. Institutional investors own 66.97% of the company's stock.
About News
(
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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.
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