Each of these stocks received a buy rating from TheStreet Ratings.
The media company is scheduled to report its second-quarter results on Wednesday. Analysts, on average, anticipate earnings of 34 cents a share."We estimate EBIT [earnings before interest and taxes] of $1.471b, up +14% and modestly above consensus, driven by Film (+59%), TV (+14%), Cable Nets (+15%), Sky Italia improving $29m Y/Y and Other improving $56m Y/Y, while Print deteriorates -38% (to only 16% of EBIT down from 26% just 4 yrs ago)," Deutsche Bank analysts wrote in a report on Saturday. Shares of News Corp hit a 52-week high of $20.16 on Monday. The stock's 52-week low of $13.83 was set on Aug. 9. News Corp has a forward price-to-earnings ratio of 11.89X, which is about half of the 22.50X average for broadcasting and entertainment companies. Time Warner (TWX) has a 12.02X forward P/E. Of the eight analysts who cover the company, five rated it a buy. The remaining three called it a hold. TheStreet Ratings gives News Corp a B+ grade and has a $22.84 price target on the shares. The stock has risen 10.67% year to date.
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