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News Corp. (NWSA) Estimates Lifted at Jefferies Post Q3

May 6, 2016 8:21 AM EDT
Get Alerts NWSA Hot Sheet
Price: $26.18 -0.42%

Rating Summary:
    23 Buy, 4 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 11 | New: 11
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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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