Zacks Investment Research upgraded shares of News Corp. (NASDAQ:NWS) from a sell rating to a hold rating in a research note issued to investors on Friday morning.

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 brokerages also recently commented on NWS. TheStreet downgraded shares of News Corp. from a buy rating to a hold rating in a research note on Thursday, October 27th. Bank of America Corp. downgraded shares of News Corp. from a neutral rating to an underperform rating in a research note on Thursday, October 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $18.00.

Shares of News Corp. (NASDAQ:NWS) remained flat at $12.20 during trading on Friday. The company’s stock had a trading volume of 166,884 shares. The firm’s 50-day moving average price is $13.23 and its 200-day moving average price is $13.07. News Corp. has a 52 week low of $10.73 and a 52 week high of $15.22. The company’s market capitalization is $7.09 billion.

In related news, CFO Bedi Ajay Singh sold 29,857 shares of News Corp. stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $14.39, for a total transaction of $429,642.23. Following the completion of the transaction, the chief financial officer now owns 33,667 shares of the company’s stock, valued at $484,468.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 39.40% of the company’s stock.

A number of large investors have recently bought and sold shares of NWS. State Street Corp boosted its stake in News Corp. by 6.1% in the first quarter. State Street Corp now owns 3,604,377 shares of the company’s stock worth $47,759,000 after buying an additional 207,473 shares during the last quarter. Hartford Investment Management Co. boosted its stake in News Corp. by 5.5% in the second quarter. Hartford Investment Management Co. now owns 23,921 shares of the company’s stock worth $279,000 after buying an additional 1,241 shares during the last quarter. UBS Group AG boosted its stake in News Corp. by 654.9% in the first quarter. UBS Group AG now owns 49,090 shares of the company’s stock worth $650,000 after buying an additional 42,587 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in News Corp. during the second quarter worth approximately $4,596,000. Finally, Algert Global LLC bought a new stake in News Corp. during the third quarter worth approximately $1,050,000. Institutional investors and hedge funds own 9.63% of the company’s stock.

About News Corp.

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.

5 Day Chart for NASDAQ:NWS

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