News Corp Share Price Target Increased to $23.75 by Analysts at Deutsche Bank (NWSA)

Equities research analysts at Deutsche Bank (NYSE: DB) boosted their price target on shares of News Corp (NASDAQ: NWSA) from $20.50 to $23.75 in a research note issued to investors on Thursday. They currently have a “buy” rating on the company’s shares.

Separately, analysts at Wedbush reiterated an “outperform” rating on shares of News Corp in a research note to investors on Tuesday. Also, analysts at Wells Fargo & Co. (NYSE: WFC) initiated coverage on shares of News Corp in a research note to investors on Monday, January 30th. They set an “outperform” rating on the stock. They noted that the move was a valuation call.

News Corporation is a diversified global media company. It has operations in eight segments: Filmed Entertainment, Television, Cable Network Programming, Direct Broadcast Satellite Television, Integrated Marketing Services, Newspapers and Information Services, Book Publishing, and Others. The Company’s activities are conducted in the United States, the United Kingdom, Continental Europe, Australia, Asia and Latin America. In April 2010, the Company completed the sale of bTV, its Bulgarian terrestrial television business, to Central European Media Enterprises (CME). In June 2010, the Company acquired Skiff, LLC.

News Corp opened at 19.175 on Thursday. News Corp has a 52-week low of $13.38 and a 52-week high of $19.79. The stock has a 50-day moving average of $18.77 and a 200-day moving average of $17.08. The company has a market cap of $48.333 billion and a price-to-earnings ratio of 18.85.

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Posted by Web Inquirer Staff on 11 Feb 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.