News Corporation (NWS) Shares Recommendation

News Corporation (NWS) has a Buy 1 stock recommendation and a share price target of US$25 (was US$24) from stock analyst UBS. They believe that News Corp is the best positioned global media company with growth rates in excess of its peers in 2007. UBS' price target is based on DCF, using 9.4 percent WACC and 3.5 percent long term growth rate. "Revenue grew 4.1% to $5.91B (UBSe $5.93B) led by Sky Italia, Cable & Fox Interactive (including MySpace). Operating income declined 6.4% to $851M (UBSe $815M) on a weaker DVD release slate & increased spend at FIM. Adj EPS of $0.18 (UBSe $0.20) compares to $0.18 in F1Q06. GAAP EPS of $0.27 includes gains related to asset sales."

News Corporation Limited is listed on the Australian Stock Exchange (ASX) under stock code NWS. In November 2004, The News Corporation Limited underwent a reorganisation and redomiciled in the United States. That company's securities ceased trading under the ASX codes NCP and NCPDP on 3 November 2004 and commenced trading the following day as an American company under the new name News Corporation, Inc. Securities based on those American shares still trade on ASX, as Chess Depository Interests under the codes NWS and NWSLV. For any announcement in relation to the former Australian company (The News Corporation Limited) please use the code NCP. For any subsequent announcement by the American-based News Corporation, Inc. please use the code NWS. You can view their investor website here.NWS was listed on the ASX on 4 November, 2004. News Corporation is a Diversified international media and entertainment company. Rupert Murdoch is the appointed Chairman, Director, Managing Director. Read previous stock recommendation for News Corporation (NWS).Find out the meaning of the recommendations in this primer. Browse for other stockbroker recommendations. Check your charts and good luck with your share trading!