BidaskClub Downgrades News Corporation (NWS) to Sell
News Corporation (NASDAQ:NWS) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.
Separately, Citigroup Inc. upgraded shares of News Corporation from a “neutral” rating to a “buy” rating in a report on Wednesday, July 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. News Corporation has an average rating of “Hold”.
Shares of News Corporation (NASDAQ NWS) opened at 13.45 on Friday. News Corporation has a 52-week low of $11.25 and a 52-week high of $15.22. The stock’s market capitalization is $7.83 billion. The stock has a 50 day moving average of $13.92 and a 200 day moving average of $13.59.
News Corporation (NASDAQ:NWS) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.05. The firm had revenue of $2.08 billion for the quarter. News Corporation had a negative net margin of 9.07% and a positive return on equity of 1.83%. Analysts forecast that News Corporation will post $1.39 earnings per share for the current year.
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A number of large investors have recently added to or reduced their stakes in NWS. Independent Franchise Partners LLP purchased a new stake in News Corporation in the second quarter worth about $16,945,000. State Street Corp lifted its stake in News Corporation by 7.3% in the first quarter. State Street Corp now owns 4,192,557 shares of the company’s stock worth $56,601,000 after acquiring an additional 286,012 shares during the period. Dimensional Fund Advisors LP lifted its stake in News Corporation by 12.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,498,859 shares of the company’s stock worth $20,236,000 after acquiring an additional 161,953 shares during the period. First Quadrant L P CA lifted its stake in News Corporation by 69.6% in the second quarter. First Quadrant L P CA now owns 314,907 shares of the company’s stock worth $4,456,000 after acquiring an additional 129,214 shares during the period. Finally, Leucadia National Corp purchased a new stake in News Corporation in the first quarter worth about $1,596,000. 9.38% of the stock is owned by institutional investors.
About News Corporation
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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