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News Corp Upgraded at Credit Suisse (NWSA)

By
November 20th, 2012

News Corp Upgraded at Credit Suisse (NWSA)

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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.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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Disclaimer: Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. The author is not registered as an investment adviser. The author may or may not hold positions in the securities mentioned in this article or video. The author relies upon the "publisher's exclusion" from the definition of "investment adviser" as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.