News Corp Upgraded at Credit Suisse (NWSA)
Credit Suisse announced on Tuesday that they have upgraded global media company, News Corp(NWSA) on Tuesday.
The firm reported that they have raised their estimates for NWSA. They have given the company a rating of “Neutral,” and a price target of $28. This price target suggests a 14.5% increase from the stock’s current price of $23.92.
The increase in estimates is due to the purchase of Consolidated Media, which is likely to increase earnings.
News Corp shares were mostly flat during Tuesday morning trading. The stock is up 34.08% YTD.
The Bottom Line
Shares of News Corp (NWSA) have a .71% dividend yield, based on last night’s closing stock price of $23.97. The stock has technical support in the $21-$22 price area. The shares are trading near all-time highs.
News Corp(NWSA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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