News Corporation (NASDAQ:NWS) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Separately, Citigroup Inc. raised News Corporation from a “neutral” rating to a “buy” rating in a research report on Wednesday, July 26th.

News Corporation (NASDAQ:NWS) opened at 13.65 on Friday. The firm’s 50-day moving average is $13.60 and its 200-day moving average is $13.66. News Corporation has a 52-week low of $11.25 and a 52-week high of $15.10. The company’s market capitalization is $7.94 billion.

News Corporation (NASDAQ:NWS) last announced its earnings results on Thursday, August 10th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. News Corporation had a positive return on equity of 1.83% and a negative net margin of 9.07%. The firm had revenue of $2.08 billion during the quarter. On average, equities research analysts forecast that News Corporation will post $1.39 EPS for the current year.

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Several institutional investors have recently made changes to their positions in the company. State Street Corp grew its stake in shares of News Corporation by 7.3% during the 1st 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 grew its stake in shares of News Corporation by 4.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,569,343 shares of the company’s stock worth $22,206,000 after acquiring an additional 70,484 shares during the period. Geode Capital Management LLC grew its stake in shares of News Corporation by 9.2% during the 1st quarter. Geode Capital Management LLC now owns 1,233,918 shares of the company’s stock worth $16,639,000 after acquiring an additional 103,524 shares during the period. Independent Franchise Partners LLP bought a new position in shares of News Corporation during the 2nd quarter worth $16,945,000. Finally, Gamco Investors INC. ET AL grew its stake in shares of News Corporation by 9.4% during the 2nd quarter. Gamco Investors INC. ET AL now owns 794,554 shares of the company’s stock worth $11,243,000 after acquiring an additional 68,540 shares during the period. 9.62% of the stock is owned by hedge funds and other institutional investors.

News Corporation Company Profile

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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