BTIG Downgrades New Corp to “Neutral” on Valuation Call (NWSA)
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.
Get FREE Dividend Tips, Updates & MoreWe respect your privacy
- Powerful dividend insights sent every weekday morning
- Gain instant access to actionable investing tips
- Strategically grow your portfolio’s profitability