News (NASDAQ:NWSA – Get Rating) was upgraded by analysts at Loop Capital from a “hold” rating to a “buy” rating in a research note issued on Wednesday, The Fly reports. The brokerage presently has a $25.00 price target on the stock, up from their prior price target of $17.00. Loop Capital’s price target would indicate a potential upside of 28.01% from the company’s current price.
NWSA has been the subject of several other reports. Guggenheim reduced their price objective on News to $32.00 in a research note on Thursday, October 20th. StockNews.com downgraded News from a “buy” rating to a “hold” rating in a research note on Thursday, November 10th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, News currently has an average rating of “Moderate Buy” and a consensus target price of $26.03.
News Trading Down 0.1 %
Shares of NWSA stock opened at $19.53 on Wednesday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.25 and a quick ratio of 1.12. The company has a market cap of $11.24 billion, a price-to-earnings ratio of 24.41 and a beta of 1.27. The stock has a 50 day simple moving average of $18.50 and a 200-day simple moving average of $17.37. News has a 1-year low of $14.87 and a 1-year high of $23.73.
Hedge Funds Weigh In On News
A number of hedge funds have recently modified their holdings of NWSA. Community Bank N.A. purchased a new position in News during the 2nd quarter valued at about $42,000. Ronald Blue Trust Inc. boosted its holdings in News by 289.4% during the 3rd quarter. Ronald Blue Trust Inc. now owns 2,870 shares of the company’s stock valued at $45,000 after acquiring an additional 2,133 shares during the period. Quadrant Capital Group LLC boosted its holdings in News by 3,529.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 3,375 shares of the company’s stock valued at $53,000 after acquiring an additional 3,282 shares during the period. Wahed Invest LLC purchased a new position in News during the 2nd quarter valued at about $64,000. Finally, Brown Brothers Harriman & Co. purchased a new position in News during the 1st quarter valued at about $98,000. 63.84% of the stock is currently owned by hedge funds and other institutional investors.
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 in six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.
- Get a free copy of the StockNews.com research report on News (NWSA)
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