Valued at a market cap of $17.5 billion, New York-based News Corporation (NWS) is a global media and information services company. Its diverse portfolio includes renowned publications like The Wall Street Journal and The Times, digital real estate platforms, book publishing, and live sports and entertainment content broadcasting.
Companies valued at $10 billion or more are generally considered "large-cap" stocks, and News Corporation fits this criterion perfectly. The company delivers authoritative and engaging content to consumers and businesses worldwide through newspapers, magazines, websites, mobile apps, live journalism, video, and podcasts.
However, the publishing company has seen a 6.6% decline from its 52-week high of $32.87. Over the past three months, its shares have risen 10.9%, outperforming the broader Dow Jones Industrials Average's ($DOWI) 1.9% gain during the same period.
Longer term, NWS is up 19.4% on a YTD basis, outpacing DOWI's 13.7% return. Moreover, shares of News Corporation have gained 25.5% over the past 52 weeks, compared to DOWI’s 15.5% rise over the same time frame.
NWS has shown a bullish trend, consistently trading above its 50-day moving averages since last year. Additionally, it has maintained a position above its 200-day moving average, despite a few fluctuations.
Shares of News Corporation rose 1.1% on Nov. 7 following the company's stronger-than-expected Q1 revenue of $2.6 billion and adjusted profit of $0.21 per share. The growth was driven by strong performance in its digital real estate services, book publishing, and Dow Jones segments, with notable increases in content licensing and digital subscriptions. REA Group, the property listing firm, saw a 22% revenue increase due to strong residential demand in Australia.
Nevertheless, NWS has underperformed its rival, Fox Corporation (FOX), which experienced a 68.7% YTD surge and a 69.9% rise over the past 52 weeks.
Despite that, News Corporation's strong price performance relative to the Dow Jones has to a consensus "Strong Buy" rating from the one analyst covering the stock. NWS is currently trading below the mean price target of $44.
