News Corp. (NASDAQ:NWS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued 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. “

A number of other analysts also recently weighed in on the company. TheStreet downgraded News Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, October 27th. Bank of America Corp. downgraded News Corp. from a “neutral” rating to an “underperform” rating in a research note on Thursday, October 27th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. News Corp. presently has an average rating of “Hold” and an average price target of $18.00.

Shares of News Corp. (NASDAQ:NWS) opened at 12.10 on Friday. The firm’s market capitalization is $7.03 billion. News Corp. has a 52 week low of $10.73 and a 52 week high of $15.22. The firm has a 50 day moving average price of $12.87 and a 200-day moving average price of $13.05.

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In other News Corp. news, CFO Bedi Ajay Singh sold 29,857 shares of the business’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 sale, the chief financial officer now directly owns 33,667 shares in the company, valued at $484,468.13. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 39.40% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. UBS Group AG increased 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. Legal & General Group Plc boosted its position in News Corp. by 15.9% in the first quarter. Legal & General Group Plc now owns 699,652 shares of the company’s stock worth $9,271,000 after buying an additional 95,974 shares during the period. A.R.T. Advisors LLC boosted its position in News Corp. by 98.2% in the first quarter. A.R.T. Advisors LLC now owns 77,511 shares of the company’s stock worth $1,027,000 after buying an additional 38,400 shares during the period. Panagora Asset Management Inc. boosted its position in News Corp. by 3,097.1% in the first quarter. Panagora Asset Management Inc. now owns 259,474 shares of the company’s stock worth $3,438,000 after buying an additional 251,358 shares during the period. Finally, First Republic Investment Management Inc. boosted its position in News Corp. by 6.0% in the first quarter. First Republic Investment Management Inc. now owns 93,135 shares of the company’s stock worth $1,234,000 after buying an additional 5,240 shares during the period. Institutional investors own 9.63% of the company’s stock.

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.

5 Day Chart for NASDAQ:NWS

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