RBC Says News Corp (NWSA) Has Best Combination of Catalysts in Large-Cap Media Space; Upgrades to Top Pick
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Price: $30.38 +2.46%
Rating Summary:
23 Buy, 4 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
23 Buy, 4 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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This morning, RBC upgrades News Corp (Nasdaq: NWSA) from Outperform to Top Pick and maintained its $21 price target.
RBC's analyst sees News Corp as having the best combination of catalysts, operating momentum, valuation and potential (return of capital) versus competition in the large-cap media sector. Also mentioned was the likelihood of around $15 billion of stock buybacks and dividends over the next three years.
The Simpsons Windfall: Unfortunately for NWSA, the company cannot currently syndicate this beloved 'animation domination' show until the series ends (expect to local networks). This has cost the company a potential windfall over the years and now questions of possible online rights are heating up. However, every good thing must come to an end, and when the show finally concludes, expects other networks to come knocking.
Other large-cap media companies of note include: Disney (NYSE: DIS), CBS (NYSE: CBS), Time Warner (NYSE: TWC), Time Warner Cable (Nasdaq: TWTC), and Comcast (Nasdaq: CMCSA) (Nasdaq: CMCSK)
RBC's analyst sees News Corp as having the best combination of catalysts, operating momentum, valuation and potential (return of capital) versus competition in the large-cap media sector. Also mentioned was the likelihood of around $15 billion of stock buybacks and dividends over the next three years.
The Simpsons Windfall: Unfortunately for NWSA, the company cannot currently syndicate this beloved 'animation domination' show until the series ends (expect to local networks). This has cost the company a potential windfall over the years and now questions of possible online rights are heating up. However, every good thing must come to an end, and when the show finally concludes, expects other networks to come knocking.
Other large-cap media companies of note include: Disney (NYSE: DIS), CBS (NYSE: CBS), Time Warner (NYSE: TWC), Time Warner Cable (Nasdaq: TWTC), and Comcast (Nasdaq: CMCSA) (Nasdaq: CMCSK)
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