News articles about News Corporation (NASDAQ:NWSA) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. News Corporation earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 85 out of 100, meaning that recent news coverage is very likely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Critical Review: News Corporation (NASDAQ:NWSA) & Media General (MEG) (americanbankingnews.com)
- Head-To-Head Review: News Corporation (NWSA) & Grupo Televisa (TV) (americanbankingnews.com)
- Newmont Mining Corporation (NYSE:NEM) Position Cut by Nisa Investment Advisors LLC (wisdomsave.com)
- Takeover costs and impairments drag Australia’s Tabcorp to net loss (finance.yahoo.com)
- News Corporation (NASDAQ:NWSA) Scheduled to Post Quarterly Earnings on Thursday (americanbankingnews.com)
NWSA has been the topic of several recent analyst reports. Zacks Investment Research downgraded News Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, April 11th. Jefferies Group LLC reissued a “buy” rating and set a $17.00 price objective on shares of News Corporation in a report on Sunday, July 30th. Finally, Rosenblatt Securities began coverage on News Corporation in a report on Friday, July 14th. They set a “buy” rating and a $17.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $15.20.
Shares of News Corporation (NWSA) traded down 0.49% during mid-day trading on Wednesday, hitting $14.17. The stock had a trading volume of 896,833 shares. The stock’s market capitalization is $8.24 billion. The stock has a 50 day moving average of $13.78 and a 200-day moving average of $13.04. News Corporation has a 52 week low of $10.99 and a 52 week high of $14.68.
News Corporation (NASDAQ:NWSA) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.03. News Corporation had a positive return on equity of 1.77% and a negative net margin of 2.64%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter last year, the company earned $0.04 EPS. The company’s revenue was up 4.6% on a year-over-year basis. On average, equities research analysts predict that News Corporation will post $0.37 earnings per share for the current year.
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News Corporation Company Profile
News Corporation is a diversified media and information services company. The Company operates in five segments: News and Information Services, Cable Network Programming, Digital Real Estate Services, Book Publishing, and Other. The Company’s business consists of range of media, including news and information services, sports programming in Australia, digital real estate services, book publishing, and pay-television (TV) distribution in Australia, that are distributed under the brands, including The Wall Street Journal, Dow Jones, Herald Sun, The Sun, The Times, HarperCollins Publishers, FOX SPORTS Australia and realestate.com.au.
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