Jefferies Has Just Reaffirmed $17.0 Target Price Per Share on News Corp (NASDAQ:NWSA) stock, While They’ve Also Reiterated Their Buy Rating

September 17, 2017 - By Stephen Andrade

 Jefferies Has Just Reaffirmed $17.0 Target Price Per Share on News Corp (NASDAQ:NWSA) stock, While They’ve Also Reiterated Their Buy Rating

News Corp (NASDAQ:NWSA) Rating Reaffirmed

Jefferies now has a $17.0 target on the $7.68 billion market cap company or 29.87 % upside potential. In an analyst note published on Monday, 11 September, News Corp (NASDAQ:NWSA) shares have had their Buy Rating reaffirmed by investment analysts at Jefferies.

News Corp (NASDAQ:NWSA) Ratings Coverage

Among 6 analysts covering News Corporation (NASDAQ:NWSA), 4 have Buy rating, 1 Sell and 1 Hold. Therefore 67% are positive. News Corporation has $19 highest and $17.0 lowest target. $17.50’s average target is 33.69% above currents $13.09 stock price. News Corporation had 12 analyst reports since July 27, 2015 according to SRatingsIntel. As per Monday, September 11, the company rating was maintained by Jefferies. The firm has “Buy” rating given on Monday, June 26 by Jefferies. The rating was downgraded by Bank of America on Thursday, October 27 to “Underperform”. As per Monday, July 27, the company rating was upgraded by Macquarie Research. The stock of News Corp (NASDAQ:NWSA) earned “Outperform” rating by CLSA on Monday, May 9. CLSA downgraded News Corp (NASDAQ:NWSA) on Tuesday, November 8 to “Outperform” rating. The firm has “Market Perform” rating given on Monday, November 9 by Wells Fargo. The stock has “Buy” rating by Jefferies on Thursday, July 27.

The stock increased 0.31% or $0.04 on September 15, reaching $13.09. About 2.91M shares traded or 59.02% up from the average. News Corp (NASDAQ:NWSA) has risen 11.28% since September 17, 2016 and is uptrending. It has underperformed by 5.42% the S&P500.

News Corporation is a global diversified media and information services firm focused on creating and distributing content to clients and businesses throughout the world. The company has market cap of $7.68 billion. The Company’s activities are organized into five divisions: News and Information Services; Book Publishing; Digital Real Estate Services; Cable Network Programming, and Other. It currently has negative earnings. The Company’s News and Information Services segment consists primarily of Dow Jones, News Corp Australia , News UK, the New York Post and News America Marketing.

More important recent News Corp (NASDAQ:NWSA) news were published by: Seekingalpha.com which released: “Australia relaxes media ownership rules; News Corp. pleased” on September 14, 2017, also Theguardian.com published article titled: “Benjamin Law thanks News Corp’s ‘unholy alliance’ for free publicity”, Smh.com.Au published: “Race is on to stop News Corp running a sports rights monopoly” on August 24, 2017. More interesting news about News Corp (NASDAQ:NWSA) was released by: Bizjournals.com and their article: “State Street votes against Murdochs for Fox, News Corp. boards” with publication date: September 12, 2017.

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