1.15%XLF 21.35 0.19%QQQQ 46.12 2.10%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
NEW YORK - Analysts said Thursday that News Corp.'s stock is inexpensive and its TV business is performing well.
News Corp. said Wednesday that its profit more than tripled, largely due to a one-time benefit from a stock swap with Liberty Media Corp. The company's revenue rose 16 percent to $8.75 billion.
Deutsche Bank analyst Doug Mitchelson noted that the TV and cable business posted 50 percent pretax profit growth, and overall, the company's pretax profit was larger than he expected. He said the value of News Corp.'s business is growing, and the stock is inexpensive compared with peers.
Lehman Brothers analyst Anthony DiClemente said that News Corp. believes its businesses are not feeling any direct effects from turmoil in the U.S. economy. DiClemente said News Corp.'s diversity protects it from a soft advertising market, and favorable currency exchanges lead to greater revenue.
Both analysts rate the stock at "Buy" or the equivalent.
News Corp. shares closed at $19.20 Wednesday and have traded between $17.54 and $24.95 in the past year.
Gold Gold has flatlined and is marginally higher this morning with the dollar marginally lower and oil marginally higher on continuing concern...
After presenting together at the MTV Movie Awards, Robert Pattinson, Kristen Ste...
A group of suspected drug users arrested in Denver this weekend with methampheta...
|
Professional Website Design For Corporate - Get a Free Quote Today
Partners  
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
-0.14
