News Corporation (NASDAQ:NWSA) : 6 investment research analysts covering News Corporation (NASDAQ:NWSA) have an average price target of $16.15 for the near short term. The highest target price given by the Brokerage Firm to the stock is $18 and the lowest target is $14 for the short term. Analysts expect the variance to be within $1.64 of the average price.
Other Equity analysts have also commented on the company shares. In a research note released to the investors, CLSA downgrades its rating on News Corporation (NASDAQ:NWSA).The analysts at the brokerage house have a current rating of Outperform on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 9, 2016.
News Corporation (NASDAQ:NWSA): stock turned positive on Thursday. Though the stock opened at $11.79, the bulls momentum made the stock top out at $12.04 level for the day. The stock recorded a low of $11.76 and closed the trading day at $11.86, in the green by 1.72%. The total traded volume for the day was 2,370,055. The stock had closed at $11.66 in the previous days trading.
The company shares have dropped -20.95% from its 1 Year high price. On Aug 13, 2015, the shares registered one year high at $15.92 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $11.84 and the 200 Day Moving Average price is recorded at $12.19.
News Corporation is a diversified media and information services company. The Company is focused on creating and distributing content to consumers and businesses throughout the world. The Company operates through six segments: News and Information Services; Book Publishing; Digital Real Estate Services; Cable Network Programming; Digital Education, and Other. The Company comprises businesses across a range of media, including news and information services, book publishing, digital real estate services, cable network programming in Australia, digital education and pay-television distribution in Australia, that are distributed under brands, including the Wall Street Journal, Dow Jones, the Australian, Herald Sun, the Sun, the Times, HarperCollins Publishers, FOX SPORTS Australia, realestate.com.au, realtor.com and Foxtel. The Company also owns around 50% stake in Foxtel, the pay-television provider in Australia, which is accounted for as an equity investment.