Jefferies Sticks to Their Buy Rating for News Corp

By Ryan Adsit

Jefferies analyst John Janedis reiterated a Buy rating on News Corp (NASDAQ: NWSA) today and set a price target of $17. The company’s shares opened today at $13.61.

According to TipRanks.com, Janedis is a 5-star analyst with an average return of 8.1% and a 64.2% success rate. Janedis covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Live Nation Entertainment, and Madison Square Garden Co.

News Corp has an analyst consensus of Moderate Buy, with a price target consensus of $17.

The company has a one year high of $14.68 and a one year low of $10.54. Currently, News Corp has an average volume of 1.84M.

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News Corp. engages in the creation and distribution of media, news, education, and information services. It operates through the following segments: News and Information Services, Book Publishing, Digital Real Estate Services, Cable Network Programming, and Other.