Canaccord Genuity Gives Buy Rating to News Corp (NWSA)

By admin | 6 years ago

News Corp (NASDAQ: NWSA)‘s stock had its “buy” rating reiterated by investment analysts at Canaccord Genuity in a note issued to investors on Friday.

News Corp opened at 18.55 on Friday. News Corp has a 52-week low of $13.38 and a 52-week high of $20.70. The company has a market cap of $44.920 billion and a price-to-earnings ratio of 13.88.

News Corp last posted its quarterly earnings results on Wednesday, May 9th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.06. News Corp’s revenue was up 1.8% compared to the same quarter last year. On average, analysts predict that News Corp will post $0.40 earnings per share next quarter.

NWSA has been the subject of a number of other recent research reports. Analysts at Needham & Company reiterated a “hold” rating on shares of News Corp in a research note to investors on Tuesday, May 29th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of News Corp in a research note to investors on Friday, May 11st. They now have a $21.00 price target on the stock. Finally, analysts at Nomura (NYSE: NMR) reiterated a “buy” rating on shares of News Corp in a research note to investors on Thursday, May 10th.

News Corporation is a diversified global media company. The Company operates in six segments: Cable Network Programming; Filmed Entertainment; Television; Direct Broadcast Satellite Television; Publishing, and Other.

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