News Corp (NWS) Shares Recommendation

Macquarie Research Equities (MRE) has reiterated their Outperform stock recommendation for News Corp (NWS) shares with a high end share price target of $36.48. The stock analysts believe that this share price target is "conservative in light of recent deals such as MySpace and plans to sell/merge Sky Italia." The stock analyst believes that the NWS shares have rebounded from 2005's disappointing performance. MRE believes that NewsCorp's poor performance in that year was "driven by the company’s shift in domicile to the US, which saw it fall out of the local indices, and uncertainty surrounding the intentions of John Malone." MRE has also observed that, "Rupert Murdoch is reportedly in discussions with John Malone’s Liberty Media, to swap NWS’s stake in satellite distributor, DirecTV, for Liberty’s NWS shareholding." Also, the analyst has commented that, "NWS is also becoming a stock of choice due to its significant operating leverage in a range of businesses which are less tied to the health of the US economy and more to the growing share of wallet that movies, TV and internet represent, both at the consumer and the business level."

News Corp Limited is listed on the Australian Stock Exchange (ASX) under stock code NWS. You can view their investor website here. NWS was listed on the ASX on 4 November, 2004. NewsCorp is a diversified international media and entertainment company. Find out the meaning of the recommendations in this primer. Browse for other broker recommendations. Check your charts and good luck with your share trading!