Somewhat Positive Press Coverage Somewhat Unlikely to Affect News (NWSA) Stock Price
Press coverage about News (NASDAQ:NWSA) has been trending somewhat positive on Monday, according to Accern. The research group scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. News earned a news impact score of 0.18 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.2231900930783 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Murdoch calls for ‘fee’ for trusted news publishers on Facebook (finance.yahoo.com)
- Facebook should pay ‘trusted’ news publishers carriage fee – Murdoch (finance.yahoo.com)
- [$$] News Corp’s Murdoch Urges Facebook to Pay Publishers for Content (finance.yahoo.com)
- Q4 2018 Earnings Forecast for News Corp (NWSA) Issued By Jefferies Group (americanbankingnews.com)
- Q2 2018 Earnings Estimate for News Corp Issued By Jefferies Group (NWSA) (americanbankingnews.com)
News (NASDAQ NWSA) traded down $0.04 during midday trading on Monday, reaching $17.18. The company had a trading volume of 1,733,040 shares, compared to its average volume of 2,555,814. News has a 12-month low of $11.88 and a 12-month high of $17.29. The stock has a market cap of $10,032.73, a P/E ratio of -15.20, a P/E/G ratio of 3.51 and a beta of 2.06. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.03.
Several equities analysts recently weighed in on the company. Zacks Investment Research raised News from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Wednesday, January 10th. TheStreet raised News from a “c+” rating to a “b-” rating in a research note on Tuesday, December 5th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. News has an average rating of “Hold” and an average price target of $16.20.
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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