News (NASDAQ:NWSA) Downgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of News (NASDAQ:NWSA) from a neutral rating to an underweight rating in a research note released on Thursday morning, BenzingaRatingsTable reports.

Other research analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Zebra Technologies from a hold rating to a buy rating in a report on Saturday, July 6th. Zacks Investment Research cut shares of Wix.Com from a hold rating to a sell rating in a report on Monday, April 8th. Finally, ValuEngine upgraded shares of United Overseas Bank from a sell rating to a hold rating in a report on Monday, June 17th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $14.17.

Shares of NWSA opened at $13.14 on Thursday. News has a 1-year low of $10.65 and a 1-year high of $15.52. The firm has a market capitalization of $7.69 billion, a PE ratio of 29.86 and a beta of 1.50. The company’s 50-day moving average is $12.77. The company has a current ratio of 1.15, a quick ratio of 1.04 and a debt-to-equity ratio of 0.08.

News (NASDAQ:NWSA) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.05. The firm had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.51 billion. News had a negative net margin of 1.60% and a positive return on equity of 2.59%. The business’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 earnings per share. Equities analysts forecast that News will post 0.38 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of NWSA. Norges Bank purchased a new position in News in the fourth quarter worth approximately $35,042,000. Dimensional Fund Advisors LP lifted its stake in News by 47.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,510,010 shares of the company’s stock worth $73,888,000 after acquiring an additional 2,095,255 shares during the last quarter. Geode Capital Management LLC lifted its stake in News by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 5,592,594 shares of the company’s stock worth $63,378,000 after acquiring an additional 431,498 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its stake in News by 6.3% in the first quarter. Thompson Siegel & Walmsley LLC now owns 7,027,238 shares of the company’s stock worth $87,419,000 after acquiring an additional 415,921 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new position in News in the second quarter worth approximately $5,473,000. Institutional investors own 63.96% 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.

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Analyst Recommendations for News (NASDAQ:NWSA)

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