News Corporation (NASDAQ:NWSA): 7 analysts have set the short term price target of News Corporation (NASDAQ:NWSA) at $16.45. The standard deviation of short term price target has been estimated at $1.49, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 18 and $14 respectively.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, CLSA upgrades its outlook on News Corporation (NASDAQ:NWSA). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on February 5, 2016.
News Corporation (NASDAQ:NWSA) : On Tuesday heightened volatility was witnessed in News Corporation (NASDAQ:NWSA) which led to swings in the share price. The stock opened for trading at $12.33 and hit $12.65 on the upside , eventually ending the session at $12.64, with a gain of 2.1% or 0.26 points. The heightened volatility saw the trading volume jump to 3,985,899 shares. The 52-week high of the share price is $16.99 and the company has a market cap of $7,337 million. The 52-week low of the share price is at $10.21 .
News Corporation (NASDAQ:NWSA) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.8 by 10 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold.
Shares of News Corporation rose by 9.25% in the last five trading days and 14.92% for the last 4 weeks. News Corporation has dropped 3.22% during the last 3-month period . Year-to-Date the stock performance stands at -4.52%.
News Corporation is a diversified media and information services company. The Company is focused on creating and distributing content to consumers and businesses throughout the world. The Company operates through six segments: News and Information Services; Book Publishing; Digital Real Estate Services; Cable Network Programming; Digital Education, and Other. The Company comprises businesses across a range of media, including news and information services, book publishing, digital real estate services, cable network programming in Australia, digital education and pay-television distribution in Australia, that are distributed under brands, including the Wall Street Journal, Dow Jones, the Australian, Herald Sun, the Sun, the Times, HarperCollins Publishers, FOX SPORTS Australia, realestate.com.au, realtor.com and Foxtel. The Company also owns around 50% stake in Foxtel, the pay-television provider in Australia, which is accounted for as an equity investment.