News (NASDAQ:NWSA) Now Covered by Citigroup

Research analysts at Citigroup started coverage on shares of News (NASDAQ:NWSA) in a note issued to investors on Friday,Benzinga reports. The firm set a “buy” rating and a $36.00 price target on the stock. Citigroup’s price objective suggests a potential upside of 31.05% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. StockNews.com upgraded shares of News from a “hold” rating to a “buy” rating in a research note on Thursday, December 26th. Guggenheim increased their price objective on News from $36.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, November 12th. Finally, Loop Capital decreased their target price on News from $44.00 to $41.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, News currently has a consensus rating of “Buy” and a consensus price target of $38.50.

News Price Performance

Shares of NWSA stock opened at $27.47 on Friday. The firm has a market capitalization of $15.62 billion, a price-to-earnings ratio of 44.31 and a beta of 1.35. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.26 and a current ratio of 1.38. The stock’s 50-day simple moving average is $28.56 and its 200-day simple moving average is $27.55. News has a fifty-two week low of $22.65 and a fifty-two week high of $30.03.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Victory Capital Management Inc. grew its stake in shares of News by 3.5% during the 2nd quarter. Victory Capital Management Inc. now owns 218,796 shares of the company’s stock worth $6,032,000 after purchasing an additional 7,464 shares during the period. Acadian Asset Management LLC increased its holdings in News by 95.1% in the second quarter. Acadian Asset Management LLC now owns 1,038 shares of the company’s stock valued at $28,000 after buying an additional 506 shares in the last quarter. Choreo LLC acquired a new position in shares of News in the second quarter worth about $240,000. Daiwa Securities Group Inc. boosted its stake in shares of News by 6.4% during the 2nd quarter. Daiwa Securities Group Inc. now owns 46,824 shares of the company’s stock worth $1,291,000 after acquiring an additional 2,812 shares in the last quarter. Finally, Headlands Technologies LLC grew its position in shares of News by 27.5% during the 2nd quarter. Headlands Technologies LLC now owns 16,220 shares of the company’s stock valued at $447,000 after acquiring an additional 3,499 shares during the period. 66.97% of the stock is currently owned by hedge funds and other institutional investors.

News Company Profile

News Corporation, a media and information services company, creates and distributes authoritative and engaging content, and other products and services for consumers and businesses worldwide. It operates through six segments: Digital Real Estate Services, Subscription Video Services, Dow Jones, Book Publishing, News Media, and Other.