News Corporation (NWSA): Today's Featured Media Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

News Corporation ( NWSA) pushed the Media industry lower today making it today's featured Media laggard. The industry as a whole closed the day up 0.4%. By the end of trading, News Corporation fell $0.33 (-1.0%) to $31.86 on heavy volume. Throughout the day, 22,444,307 shares of News Corporation exchanged hands as compared to its average daily volume of 14,097,100 shares. The stock ranged in price between $31.42-$32.11 after having opened the day at $32.00 as compared to the previous trading day's close of $32.19. Other companies within the Media industry that declined today were: Salem Communications Corporation Class A ( SALM), down 11.5%, ReachLocal ( RLOC), down 8.7%, Gray Television ( GTN.A), down 6.5% and Saga Communications ( SGA), down 5.9%.
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News Corporation operates as a diversified media company worldwide. News Corporation has a market cap of $48.6 billion and is part of the services sector. The company has a P/E ratio of 18.5, above the S&P 500 P/E ratio of 17.7. Shares are up 25.5% year to date as of the close of trading on Tuesday. Currently there are 16 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 buy. 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, solid stock price performance, compelling growth in net income and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

On the positive front, Liberty Media Corporation ( LMCAD), down 10.5%, Liberty Media Corporation ( LMCA), down 10.5%, Liberty Media Corporation ( LMCB), down 9.2% and Radio One ( ROIAK), down 5.7% , were all gainers within the media industry with Grupo Televisa S.A ( TV) being today's featured media industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the media industry could consider PowerShares Dynamic Media ( PBS) while those bearish on the media industry could consider ProShares Ultra Sht Consumer Services ( SCC).

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