News Corporation (NASDAQ:NWSA) traded today at a new 52-week high of $24.37. So far today approximately 487,000 shares have been exchanged, as compared to an average 30-day volume of 3.6 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.
In the past 52 weeks, News Corporation share prices are bracketed by a low of $7.90 and a high of $24.37 and is now at $24.14, 206% above that low price.
There is potential upside of 43.8% for shares of News Corporation based on a current price of $24.14 and an average consensus analyst price target of $34.72.
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