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News Corporation operates through six segments, including Digital Real Estate Services and Subscription Video Services. Analysts have mixed ratings on News (NASDAQ:NWSA), with UBS upgrading it to "buy," while others have lowered their ratings. The stock opened at $28.08, with a 12-month range of $22.65 to $30.03, and reported earnings of $0.21 per share, exceeding estimates. Institutional investors hold 66.97% of the stock.
Shares in News Corporation rose 1.8% to $51.72 after UBS upgraded its rating from 'neutral' to 'buy', setting a price target of $64.50. In contrast, Nine Entertainment and oOh!media saw declines of 1.2% to $1.30 and 1.5% to $1.13, respectively, following downgrades from 'buy' to 'neutral' with price targets of $1.45 and $1.25.
Evidence suggests that the US stock market is in bubble territory, with the S&P 500 index potentially facing a significant drop. Analysts warn that a correction could lead to considerable pain for investors, while a deeper crash raises uncertainty about recovery. Current market exuberance echoes past bubbles, highlighting the risks of irrational investment behavior.
Most Asian stocks rose on Monday, buoyed by optimism from softer U.S. inflation data and speculation about a potential merger between Honda and Nissan, which could create the third-largest global automaker. Japanese shares saw notable gains, while regional markets also benefited from expectations of increased fiscal spending in China. South Korea led the region with a 1.5% rise as investors capitalized on discounted stocks.
News Corporation (NWSA) is set to participate in the UBS Global Media and Communications Conference on December 10, 2024, starting at 9:00 AM ET. Interested parties can access the live webcast through the company's investor relations website.
HarperCollins Publishers' CEO Brian Murray will speak at the UBS Global Media and Communications Conference on December 10, 2024, at 9:00 AM EST. The session will be available via live webcast on the News Corp website, with a replay accessible afterward. News Corp, a diversified media and information services company, operates globally, focusing on authoritative content across various platforms, including book publishing and digital services.
By 2023, about 5% of large employers have adopted a 401(k) match for employees making student loan payments, a significant increase from 2% in 2022. This initiative, part of the Secure 2.0 package, aims to help workers balance debt repayment and retirement savings, with many more companies considering implementation by 2025. However, a majority of employers remain hesitant, citing existing benefits and concerns over fairness.
Fox News faces ongoing challenges, including a $2.7 billion defamation lawsuit from Smartmatic over 2020 election claims, following a previous $788 million settlement with Dominion Voting Systems. As Rupert Murdoch's health declines, his son Lachlan's control of the family media empire is uncertain, especially with potential opposition from his politically moderate siblings. The outcome of a Nevada probate court case could significantly impact Lachlan's voting power and the future of the Murdoch media assets.
REA Group shares rose 1.1% to A$236.76 after UBS increased its price target to A$268, citing strong first-quarter results that exceeded market expectations. The company is poised for significant growth in FY25, with sales estimates for FY25-27 revised upwards by 2% on average. In contrast, smaller rival Domain Holdings saw a 1.9% decline in shares, highlighting REA's outperformance, particularly in Sydney and Melbourne.
REA Group shares rose 1.1% to A$236.76 after UBS upgraded its price target to A$268, citing solid Q1 results that exceeded market expectations. The brokerage anticipates continued growth for REA in FY25, while Morningstar noted the company's outperformance against Domain Holdings, particularly in Sydney and Melbourne.
News Corporation
Companies
| Symbol | NWS |
| Name | News Corporation |
| Currency | USD |
| Sector | Communication Services |
| IndustryGroup | Media & Entertainment |
| Industry | Media |
| Market | NASDAQ Global Select |
| Country | United States |
| State | NY |
| City | New York |
| Zipcode | 10036 |
| Website | http://newscorp.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
news corporation receives mixed analyst ratings amid recent stock performance
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