News (NASDAQ:NWS) Upgraded by Loop Capital to “Strong-Buy”

News (NASDAQ:NWS) was upgraded by analysts at Loop Capital to a “strong-buy” rating in a research note issued to investors on Tuesday, Zacks.com reports.

News Trading Down 1.5 %

Shares of NWS stock opened at $27.05 on Tuesday. The firm has a market cap of $15.42 billion, a P/E ratio of 75.14 and a beta of 1.37. The company has a quick ratio of 1.33, a current ratio of 1.43 and a debt-to-equity ratio of 0.32. News has a 12-month low of $20.01 and a 12-month high of $29.59. The business has a 50-day moving average price of $28.38 and a two-hundred day moving average price of $27.35.

News (NASDAQ:NWS) last released its earnings results on Thursday, August 8th. The company reported $0.17 earnings per share for the quarter. The company had revenue of $2.58 billion during the quarter. News had a return on equity of 4.51% and a net margin of 2.64%.

Institutional Trading of News

Several large investors have recently modified their holdings of NWS. Norges Bank purchased a new stake in shares of News in the 4th quarter worth about $7,919,000. BNP Paribas Financial Markets increased its stake in shares of News by 127.9% in the 4th quarter. BNP Paribas Financial Markets now owns 193,560 shares of the company’s stock worth $4,978,000 after acquiring an additional 108,614 shares in the last quarter. Metropolis Capital Ltd boosted its stake in News by 13.2% during the second quarter. Metropolis Capital Ltd now owns 842,235 shares of the company’s stock worth $23,911,000 after acquiring an additional 98,172 shares in the last quarter. Edgestream Partners L.P. grew its holdings in News by 156.1% in the first quarter. Edgestream Partners L.P. now owns 156,547 shares of the company’s stock worth $4,236,000 after purchasing an additional 95,429 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of News by 172.2% during the second quarter. SG Americas Securities LLC now owns 118,499 shares of the company’s stock valued at $3,364,000 after purchasing an additional 74,968 shares in the last quarter. 14.63% of the stock is owned by institutional investors.

About News

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.