News (NASDAQ:NWSA) Upgraded to Buy at StockNews.com

News (NASDAQ:NWSA) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Other equities analysts also recently issued research reports about the company. Loop Capital reduced 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. Guggenheim boosted their price target on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $39.33.

News Trading Up 0.7 %

NWSA opened at $28.25 on Thursday. The firm has a market capitalization of $16.07 billion, a price-to-earnings ratio of 45.56 and a beta of 1.35. The company’s 50 day simple moving average is $28.28 and its two-hundred day simple moving average is $27.51. News has a 1-year low of $22.65 and a 1-year high of $30.03. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.38 and a quick ratio of 1.26.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in NWSA. Barclays PLC lifted its stake in shares of News by 124.0% in the 3rd quarter. Barclays PLC now owns 14,713,823 shares of the company’s stock valued at $391,832,000 after purchasing an additional 8,144,856 shares during the last quarter. Whale Rock Capital Management LLC purchased a new stake in News in the 3rd quarter valued at about $44,585,000. State Street Corp lifted its position in News by 6.1% in the third quarter. State Street Corp now owns 25,799,596 shares of the company’s stock valued at $689,397,000 after buying an additional 1,476,224 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of News by 1,815.4% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,413,158 shares of the company’s stock valued at $37,632,000 after acquiring an additional 1,339,379 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in shares of News by 230.1% in the 3rd quarter. Bank of Montreal Can now owns 1,092,506 shares of the company’s stock valued at $28,951,000 after acquiring an additional 761,524 shares during the period. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

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.