Canaccord Genuity Maintains a 'Buy' on News Corp. (NWSA); Cable Network and Film Segments Fuel Sales
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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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Canaccord Genuity maintains a 'Buy' on News Corp. (NASDAQ: NWSA) price target of $25.00.
Analyst, Thomas Eagan, said, "News Corp reported their fourth straight quarter of impressive results earlier today after the close with revenue up 1.8% and Segment OI up 23%, beating our and CON est. The company reiterated its FY12 “low to mid-teen” OI guidance, albeit at the lower end of the range. Given results for nine months of FY12, guidance suggests that 4Q12 OI could be down from 4Q11. Perhaps more important than the results of a single quarter, however, is the commitment to share repurchases. The company doubled its authorization to $10bn with the expectation to complete it by June 2013."
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 $19.38 yesterday.
Analyst, Thomas Eagan, said, "News Corp reported their fourth straight quarter of impressive results earlier today after the close with revenue up 1.8% and Segment OI up 23%, beating our and CON est. The company reiterated its FY12 “low to mid-teen” OI guidance, albeit at the lower end of the range. Given results for nine months of FY12, guidance suggests that 4Q12 OI could be down from 4Q11. Perhaps more important than the results of a single quarter, however, is the commitment to share repurchases. The company doubled its authorization to $10bn with the expectation to complete it by June 2013."
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 $19.38 yesterday.
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