News Corp. (NWSA) Estimates Lifted at Jefferies Post Q3
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Rating Summary:
23 Buy, 4 Hold, 1 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 10 | Down: 11 | New: 7
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Jefferies analyst John Janedis reiterated a Buy rating and $18 price target on News Corp. (NASDAQ: NWSA) following Q3 results which showed the pieces are falling in to place with price cuts and digital growth.
Janedis commented, "NWSA reported F3Q EPS and Adj EBITDA of $0.04 / $161M, slightly above our $0.03 / $151M est, as cost controls at NIS decelerated the decline in EBITDA. Organic adv in the UK/AU remain soft on a constant currency basis, however, the cost initiatives laid out on the call should improve profitability through the back half of the year."
The firm raised FY 2016 EPS from $0.40 to $0.42 and FY 2017 EPS from $0.37 to $0.43.
For an analyst ratings summary and ratings history on News Corp. click here. For more ratings news on News Corp. click here.
Shares of News Corp. closed at $12.17 yesterday.
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