News (NASDAQ:NWSA) Upgraded to Buy at StockNews.com

News (NASDAQ:NWSA) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday.

Several other analysts also recently commented on the company. JPMorgan Chase & Co. upped their price objective on News from $34.00 to $37.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Loop Capital upped their price target on News from $41.00 to $44.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Guggenheim lifted their price objective on shares of News from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Tuesday, November 12th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $40.33.

News Stock Performance

News stock traded down $0.32 during midday trading on Tuesday, hitting $29.06. 2,233,134 shares of the company’s stock were exchanged, compared to its average volume of 2,656,066. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. The stock has a market cap of $16.53 billion, a price-to-earnings ratio of 46.87 and a beta of 1.35. News has a 12-month low of $21.85 and a 12-month high of $30.03. The firm’s 50 day simple moving average is $27.84 and its 200 day simple moving average is $27.43.

Institutional Trading of News

A number of institutional investors have recently modified their holdings of NWSA. International Assets Investment Management LLC purchased a new stake in shares of News during the 2nd quarter worth $26,000. Acadian Asset Management LLC boosted its holdings in News by 95.1% during the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock worth $28,000 after buying an additional 506 shares in the last quarter. Brooklyn Investment Group acquired a new position in News during the third quarter worth about $39,000. Innealta Capital LLC purchased a new position in News in the second quarter valued at about $46,000. Finally, Family Firm Inc. acquired a new stake in shares of News during the 2nd quarter valued at approximately $73,000. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

News Company Profile

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 through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.