News (NASDAQ:NWS) Rating Lowered to Sell at BidaskClub

BidaskClub cut shares of News (NASDAQ:NWS) from a hold rating to a sell rating in a research report sent to investors on Thursday, BidAskClub reports.

Separately, TheStreet upgraded TerraForm Power from a c rating to a b- rating in a research report on Tuesday, March 19th.

Shares of NASDAQ:NWS opened at $13.73 on Thursday. News has a twelve month low of $10.85 and a twelve month high of $15.85. The firm has a market capitalization of $8.03 billion, a price-to-earnings ratio of 29.21 and a beta of 1.46. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.04 and a current ratio of 1.15. The firm has a fifty day simple moving average of $12.90.

News (NASDAQ:NWS) last announced its earnings results on Thursday, May 9th. The company reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.03. The company had revenue of $2.46 billion during the quarter. News had a positive return on equity of 2.59% and a negative net margin of 1.60%.

A number of hedge funds have recently made changes to their positions in the stock. Norinchukin Bank The increased its position in News by 3.8% in the first quarter. Norinchukin Bank The now owns 23,489 shares of the company’s stock worth $293,000 after purchasing an additional 854 shares during the period. FMR LLC increased its position in News by 7.9% in the first quarter. FMR LLC now owns 17,149 shares of the company’s stock worth $214,000 after purchasing an additional 1,254 shares during the period. Comerica Bank increased its position in News by 7.3% in the fourth quarter. Comerica Bank now owns 25,500 shares of the company’s stock worth $328,000 after purchasing an additional 1,739 shares during the period. Public Employees Retirement System of Ohio increased its position in News by 5.3% in the fourth quarter. Public Employees Retirement System of Ohio now owns 35,036 shares of the company’s stock worth $405,000 after purchasing an additional 1,774 shares during the period. Finally, Prudential Financial Inc. increased its position in News by 2.2% in the fourth quarter. Prudential Financial Inc. now owns 120,012 shares of the company’s stock worth $1,386,000 after purchasing an additional 2,600 shares during the period. Hedge funds and other institutional investors own 9.84% 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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