News Corporation (NWSA): Today's Featured Media Laggard
(
) pushed the Media industry lower today making it today's featured Media laggard. The industry as a whole closed the day up 0.6%. By the end of trading, News Corporation fell $0.25 (-1.6%) to $15.00 on heavy volume. Throughout the day, 24,407,939 shares of News Corporation exchanged hands as compared to its average daily volume of 15,836,700 shares. The stock ranged in price between $14.69-$15.12 after having opened the day at $15.06 as compared to the previous trading day's close of $15.25. Other companies within the Media industry that declined today were:
(
), down 5.1%,
Digital Cinema Destinations Corp Class A
(
), down 5.0%,
(
), down 5.0% and
Entravision Communications Corporation
(
), down 4.7%.
News Corporation operates as a diversified media company worldwide. News Corporation has a market cap of $49.4 billion and is part of the services sector. The company has a P/E ratio of 12.7, below the S&P 500 P/E ratio of 17.7. Shares are up 27.7% year to date as of the close of trading on Monday. Currently there are 19 analysts that rate News Corporation a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates
News Corporation
as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company shows weak operating cash flow.
- You can view the full News Corporation Ratings Report.
On the positive front,
(
), up 45.5%,
Digital Domain Media Group
(
DDMGQ
), up 45.5%,
(
), up 6.8% and
(
), up 4.1% , were all gainers within the media industry with
(
) being today's featured media industry leader.
- Use our media section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider
(
) while those bearish on the media industry could consider
ProShares Ultra Sht Consumer Services
(
).
- Find other investment ideas from our top rated ETFs lists.
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