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

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 higher today making it today's featured media winner. The industry as a whole closed the day up 0.9%. By the end of trading, News Corporation rose $0.36 (1.1%) to $33.22 on average volume. Throughout the day, 12,141,633 shares of News Corporation exchanged hands as compared to its average daily volume of 14,257,800 shares. The stock ranged in a price between $32.97-$33.29 after having opened the day at $33.11 as compared to the previous trading day's close of $32.86. Other companies within the Media industry that increased today were: Liberty Media Corporation ( LMCAD), up 14.9%, Liberty Media Corporation ( LMCA), up 14.9%, A.H. Belo Corporation ( AHC), up 8.2% and Insignia Systems ( ISIG), up 7.3%.
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News Corporation operates as a diversified media company worldwide. News Corporation has a market cap of $50.6 billion and is part of the services sector. The company has a P/E ratio of 13.0, below the S&P 500 P/E ratio of 17.7. Shares are up 30.9% year to date as of the close of trading on Thursday. 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 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 negative front, Tiger Media ( IDI), down 6.3%, Bona Film Group ( BONA), down 4.7%, Gray Television ( GTN), down 3.1% and Media General ( MEG), down 2.6%.

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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