News Corporation (NWSA) : 7 analysts are covering News Corporation (NWSA) and their average rating on the stock is 1.86, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
News Corporation (NWSA) : Average target price received by News Corporation (NWSA) is $16.09 with an expected standard deviation of $1.82. The most aggressive target on the stock is $18, whereas the most downbeat target is $14. 5 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Also, CLSA downgrades their rating on the shares of News Corporation (NASDAQ:NWSA). The current rating of the shares is Outperform. 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): The stock opened at $12.68 on Wednesday but the bulls could not build on the opening and the stock topped out at $12.81 for the day. The stock traded down to $12.61 during the day, due to lack of any buying support eventually closed down at $12.66 with a loss of -0.16% for the day. The stock had closed at $12.68 on the previous day. The total traded volume was 3,667,833 shares.
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.