News Rises On Unusually High Volume (NWS)

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.

NEW YORK ( TheStreet) -- News Corporation (Nasdaq: NWS) is trading at unusually high volume Thursday with 6.7 million shares changing hands. It is currently at 2.1 times its average daily volume and trading up 69 cents (+2.2%) at $31.80 as of 4 p.m. ET.

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News has a market cap of $25.38 billion and is part of the services sector and media industry. Shares are up 21.1% year to date as of the close of trading on Wednesday.

News Corporation operates as a diversified media company worldwide. The company has a P/E ratio of 12.4, below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates News 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, 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 Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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