BTIG Downgrades New Corp to "Neutral" on Valuation Call (NWSA)

BTIG Downgrades New Corp to “Neutral” on Valuation Call (NWSA)

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BTIG analysts downgraded media and entertainment company News Corp (NWSA) on Wednesday based on the stock’s current valuation.

The analysts downgraded NWSA from “Buy” to “Neutral” with a price target of $30. This valuation suggests a 5% downside to Tuesday’s closing price of $31.56.

News Corp shares were up 41 cents, or +1.30%, during pre-market trading on Wednesday. The stock is up +23.72% year-to-date.

The Bottom Line
Shares of News Corp (NWSA) have a dividend yield of 0.54% based on last night’s closing price of $31.56 and the company’s annualized dividend payout of 17 cents per share.

News Corp (NWSA) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 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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