UBS Group Upgrades News (NASDAQ:NWSA) to Buy

News (NASDAQ:NWSA) was upgraded by analysts at UBS Group from a “neutral” rating to a “buy” rating in a report released on Tuesday,Briefing.com Automated Import reports.

Several other equities analysts have also issued reports on NWSA. StockNews.com lowered News from a “buy” rating to a “hold” rating in a research note on Sunday. Loop Capital lowered their price objective on News from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Monday, December 23rd. Citigroup began coverage on News in a research report on Friday, January 10th. They issued a “buy” rating and a $36.00 target price for the company. Guggenheim boosted their price target on shares of News from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Seaport Res Ptn raised shares of News to a “strong-buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, News has a consensus rating of “Buy” and a consensus target price of $39.25.

News Stock Down 0.1 %

Shares of NWSA stock opened at $28.08 on Tuesday. News has a 12 month low of $22.65 and a 12 month high of $30.03. 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 firm has a market cap of $15.97 billion, a PE ratio of 45.29 and a beta of 1.35. The stock has a 50 day moving average of $28.21 and a 200-day moving average of $27.55.

News (NASDAQ:NWSA) last announced its earnings results on Thursday, November 7th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.56 billion. News had a net margin of 3.49% and a return on equity of 4.76%. During the same quarter in the previous year, the firm posted $0.16 earnings per share. On average, equities analysts predict that News will post 0.91 EPS for the current year.

Hedge Funds Weigh In On News

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Seelaus Asset Management LLC increased its stake in shares of News by 3.8% in the third quarter. Seelaus Asset Management LLC now owns 11,399 shares of the company’s stock valued at $304,000 after buying an additional 417 shares in the last quarter. Ballentine Partners LLC grew its holdings in News by 3.8% during the 4th quarter. Ballentine Partners LLC now owns 11,576 shares of the company’s stock worth $319,000 after acquiring an additional 422 shares during the last quarter. Principal Securities Inc. raised its stake in shares of News by 18.5% in the fourth quarter. Principal Securities Inc. now owns 3,334 shares of the company’s stock worth $92,000 after acquiring an additional 521 shares during the last quarter. GAMMA Investing LLC lifted its holdings in News by 9.0% during the 3rd quarter. GAMMA Investing LLC now owns 6,578 shares of the company’s stock worth $175,000 after buying an additional 543 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its position in News by 1.2% in the 3rd quarter. Pathstone Holdings LLC now owns 60,509 shares of the company’s stock valued at $1,612,000 after buying an additional 730 shares during the last quarter. 66.97% of the stock is currently owned by institutional investors and hedge funds.

News Company Profile

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.