Shares of News Corporation (NASDAQ:NWSA) traded at a new 52-week high today of $24.17. Approximately 487,000 shares have changed hands today, as compared to an average 30-day volume of 3 million shares.
News Corp is a media conglomerate with large presence in the U.S, the U.K., and Australia. Key brands include The Wall Street Journal, Herald Sun, and The Times. The company also has a strong presence in the Australian pay-TV market through Fox Sports and Foxtel (both 65%-owned), while its 62%-owned REA Group is the dominant real estate classified business in Australia.
News Corporation (NASDAQ:NWSA) has potential upside of 49.0% based on a current price of $23.44 and analysts’ consensus price target of $34.94.
News Corporation share prices have moved between a 52-week high of $24.17 and a 52-week low of $7.90 and are now trading 197% above that low price at $23.44 per share.
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