Goldman Sachs Group upgraded shares of News (NASDAQ:NWSA) from a neutral rating to a buy rating in a research note published on Tuesday, MarketBeat reports.

Several other equities analysts have also recently issued reports on the company. ValuEngine upgraded News from a sell rating to a hold rating in a research note on Friday, September 28th. Zacks Investment Research upgraded News from a sell rating to a hold rating in a research note on Monday, September 24th. Loop Capital upgraded News from a hold rating to a buy rating and set a $17.00 target price on the stock in a research note on Tuesday, September 4th. UBS Group upgraded News from a sell rating to a neutral rating in a research note on Wednesday, August 29th. Finally, Morgan Stanley cut News from an equal weight rating to an underweight rating and cut their target price for the company from $17.00 to $12.50 in a research note on Monday, August 20th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. News presently has an average rating of Hold and a consensus target price of $15.50.

Shares of NWSA opened at $12.82 on Tuesday. News has a 12-month low of $12.23 and a 12-month high of $17.29. The firm has a market cap of $7.69 billion, a P/E ratio of 29.14, a PEG ratio of 4.76 and a beta of 1.86. The company has a current ratio of 1.33, a quick ratio of 1.22 and a debt-to-equity ratio of 0.14.

News (NASDAQ:NWSA) last announced its quarterly earnings data 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. News had a positive return on equity of 2.41% and a negative net margin of 16.78%. The firm had revenue of $2.69 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period last year, the business posted $0.11 earnings per share. The firm’s revenue for the quarter was up 29.5% on a year-over-year basis. As a group, analysts predict that News will post 0.41 EPS for the current fiscal year.

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

Hedge funds have recently bought and sold shares of the business. Tredje AP fonden lifted its stake in News by 28.2% in the second quarter. Tredje AP fonden now owns 237,979 shares of the company’s stock valued at $3,689,000 after buying an additional 52,299 shares during the last quarter. Putnam Investments LLC lifted its stake in News by 4.9% in the second quarter. Putnam Investments LLC now owns 428,548 shares of the company’s stock valued at $6,643,000 after buying an additional 20,006 shares during the last quarter. SG Americas Securities LLC lifted its stake in News by 67.5% in the second quarter. SG Americas Securities LLC now owns 171,362 shares of the company’s stock valued at $2,656,000 after buying an additional 69,082 shares during the last quarter. Rampart Investment Management Company LLC lifted its stake in News by 118.9% in the first quarter. Rampart Investment Management Company LLC now owns 11,225 shares of the company’s stock valued at $177,000 after buying an additional 6,097 shares during the last quarter. Finally, Paloma Partners Management Co bought a new stake in News in the second quarter valued at $818,000. Institutional investors own 60.88% of the company’s stock.

News Company Profile

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.

Read More: Hedge Funds

Analyst Recommendations for News (NASDAQ:NWSA)

Receive News & Ratings for News Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for News and related companies with MarketBeat.com's FREE daily email newsletter.