Zacks Investment Research upgraded shares of News (NASDAQ:NWSA) from a sell rating to a hold rating in a research note issued to investors on Monday morning.

According to Zacks, “Shares of News Corporation have declined and underperformed the industry in the past three months. The company remains vulnerable to foreign currency headwinds and soft print advertising demand. Advertising revenue at News and Information Services segment fell 2% during the final quarter of fiscal 2018 on account of sluggishness in the print advertising market and the decision to stop The Wall Street Journal’s international print editions. Nevertheless, the company is concentrating on cost cutting, expanding digital offerings with greater emphasis on real estate services to mitigate the impact of the same. These endeavors have helped the company to post fourth straight quarter of positive earnings and sales surprises. The top line also grew year over year. The performance was driven by solid Foxtel’s results, persistent momentum in the Book Publishing and Digital Real Estate Services segments along with gains from currency tailwinds.”

NWSA has been the subject of several other reports. ValuEngine upgraded shares of News from a hold rating to a buy rating in a research note on Tuesday, July 10th. Loop Capital upgraded shares of News from a hold rating to a buy rating and set a $17.00 price target for the company in a research note on Tuesday, September 4th. Morgan Stanley lowered shares of News from an equal weight rating to an underweight rating and decreased their price target for the stock from $17.00 to $12.50 in a research note on Monday, August 20th. Finally, UBS Group upgraded shares of News from a sell rating to a neutral rating in a research note on Wednesday, August 29th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $15.50.

Shares of News stock opened at $12.85 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.33 and a quick ratio of 1.22. The stock has a market capitalization of $7.53 billion, a P/E ratio of 28.69, a price-to-earnings-growth ratio of 4.66 and a beta of 1.86. News has a 1 year low of $12.23 and a 1 year high of $17.29.

News (NASDAQ:NWSA) last issued its quarterly earnings results on Thursday, August 9th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.02. The company had revenue of $2.69 billion during the quarter, compared to analyst estimates of $2.36 billion. News had a negative net margin of 16.78% and a positive return on equity of 2.41%. News’s quarterly revenue was up 29.5% compared to the same quarter last year. During the same period last year, the business earned $0.11 EPS. equities research analysts expect that News will post 0.41 earnings per share for the current fiscal year.

The firm also recently declared a Semi-Annual dividend, which will be paid on Wednesday, October 17th. Investors of record on Wednesday, September 12th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, September 11th. This represents a dividend yield of 1.47%. News’s payout ratio is 45.45%.

Several institutional investors have recently modified their holdings of NWSA. Assetmark Inc. increased its stake in News by 3,971.7% during the 1st quarter. Assetmark Inc. now owns 7,492 shares of the company’s stock valued at $118,000 after purchasing an additional 7,308 shares in the last quarter. Dupont Capital Management Corp increased its stake in News by 74.0% during the 2nd quarter. Dupont Capital Management Corp now owns 7,984 shares of the company’s stock valued at $124,000 after purchasing an additional 3,396 shares in the last quarter. Greenleaf Trust bought a new stake in News during the 2nd quarter valued at about $156,000. Rampart Investment Management Company LLC increased its stake in News by 118.9% during the 1st quarter. Rampart Investment Management Company LLC now owns 11,225 shares of the company’s stock valued at $177,000 after purchasing an additional 6,097 shares in the last quarter. Finally, TLP Group LLC increased its stake in News by 21,611.5% during the 1st quarter. TLP Group LLC now owns 13,244 shares of the company’s stock valued at $209,000 after purchasing an additional 13,183 shares in the last quarter. Institutional investors own 60.85% of the company’s stock.

About News

News Corporation, a media and information services company, creates and distributes content for consumers and businesses worldwide. It operates in five segments: News and Information Services, Book Publishing, Digital Real Estate Services, Subscription Video Services, and Other. The company distributes content and data products, including The Wall Street Journal, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, Barron's, MarketWatch, and DJX through various media channels, such as newspapers, newswires, Websites, mobile device applications, tablets and e-book readers, newsletters, magazines, proprietary databases, live journalism, video, and podcasts.

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