Trade Report: Today, News Corp. (NWS) Raised to “Hold” at The Zacks Investment Research

Today, News Corp. (NWS) Raised to “Hold” at The Zacks Investment Research

Zacks Investment Research upgraded shares of News Corp. (NASDAQ:NWS) from a sell rating to a hold rating in a research report report published on Saturday.

According to Zacks, “News Corp. provides media and information services. It is focused on creating and distributing authoritative and engaging content to consumers. The company’s business comprises of media, which includes news and information services, sports programming primarily in Australia, digital real estate services, book publishing, digital education and pay-TV distribution primarily in Australia. It operates primarily in the United States, Australia and the United Kingdom. News Corp. is headquartered in New York. “

Several other research analysts also recently commented on NWS. TheStreet downgraded News Corp. from a buy rating to a hold rating in a report on Thursday, October 27th. Bank of America Corp. downgraded News Corp. from a neutral rating to an underperform rating in a report on Thursday, October 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. News Corp. has an average rating of Hold and a consensus target price of $18.00.

Shares of News Corp. (NASDAQ:NWS) opened at 12.10 on Friday. The firm’s market cap is $7.03 billion. The stock has a 50 day moving average price of $12.87 and a 200 day moving average price of $13.05. News Corp. has a 12 month low of $10.73 and a 12 month high of $15.22.

In other News Corp. news, CFO Bedi Ajay Singh sold 29,857 shares of the company’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $14.39, for a total transaction of $429,642.23. Following the transaction, the chief financial officer now owns 33,667 shares of the company’s stock, valued at approximately $484,468.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 39.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of NWS. Advantus Capital Management Inc increased its position in News Corp. by 1.5% in the second quarter. Advantus Capital Management Inc now owns 10,343 shares of the company’s stock valued at $121,000 after buying an additional 148 shares in the last quarter. World Asset Management Inc boosted its stake in shares of News Corp. by 0.3% in the second quarter. World Asset Management Inc now owns 10,860 shares of the company’s stock valued at $127,000 after buying an additional 31 shares during the last quarter. CIBC Asset Management Inc boosted its stake in shares of News Corp. by 6.4% in the second quarter. CIBC Asset Management Inc now owns 11,310 shares of the company’s stock valued at $132,000 after buying an additional 685 shares during the last quarter. Bank of Montreal Can acquired a new stake in shares of News Corp. during the second quarter valued at approximately $144,000. Finally, TFS Capital LLC acquired a new stake in shares of News Corp. during the second quarter valued at approximately $144,000. 9.63% of the stock is currently owned by hedge funds and other institutional investors.

News Corp. Company Profile

News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.

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