News Corp Gets a Buy Rating from Jefferies

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 $12.86.

According to, Janedis is a 5-star analyst with an average return of 7.6% and a 62.4% 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.

Based on News Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.98 billion and GAAP net loss of $5 million. In comparison, last year the company earned revenue of $1.89 billion and had a GAAP net loss of $149 million.

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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. The News and Information Services segment consists of Dow Jones, News Corp Australia, News UK, the New York Post, and News America Marketing. The Book Publishing segment publishes and distributed consumer books in print, digital, and audio formats through HarperCollins Publishers. The Digital Real Estate Services segment consists of REA Group Limited; Move, Inc.; and DIAKRIT International Limited. The Cable Network Programming segment provides sports programming through FOX SPORTS Australia. The Other segment comprises of general corporate overhead expenses, corporate strategy and creative group, and costs related to the U.K. Newspaper Matters. The company was founded on December 11, 2012 and is headquartered in New York, NY.