Stock Rating Downgrade
The Value Trend Rating for News Corp (NASDAQ: NWSA) weakened recently from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 5/3/24, News Corp (NASDAQ: NWSA) stock increased 2.0%, closing at $24.47. This advance was accompanied by normal trading volume. Relative to the market the stock has been strong over the last nine months and has risen 1.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NWSA is expected to continue to be a Value Builder.
News has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. News has a neutral Appreciation Score of 41 but a good Power Rating of 78, with the High Neutral Value Trend Rating the result.
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