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) : 5 Wall Street analysts covering News Corporation (NWSA) believe that the average level the stock could reach for the short term is $16.32. The maximum price target given is $18 and the minimum target for short term is around $14, hence the standard deviation is calculated at $1.82.
For the current week, the company shares have a recommendation consensus of Buy. News Corporation (NASDAQ:NWSA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $13.21 and $13.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $13.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $13.39, notching a gain of 1.83% for the day. The total traded volume was 3,118,849 . The stock had closed at $13.15 on the previous day.
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.