Zacks' 7 Best Stocks for June, 2013
FREE Report for Zacks.com
Visitors Only

They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.

Today, you can see them free.

Close This Panel X

Are you a new Zacks Member or a visitor to Zacks.com?

Recent Quotes

No Recent Quote currently available

My Portfolio

My Portfolio Tracker

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Stocks on the Move 05/22/2013

Company Name Symbol %Change
ALLIANCE FIB AFOP
10.29%
SONIC FOUNDR SOFO
8.21%
FLOWERS FOOD FLO
4.49%
TRI TECH HOL TRIT
4.41%
RADIANT LOGI RLGT
3.54%

News Corp Hits New 52-Week High

by Zacks Equity Research

January 29, 2013 | Comments : 0 Recommended this article: (0)

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

News Corporation ( NWSA - Analyst Report ) is diversifying its business model by adding new revenue streams in an effort to adapt to the changing face of the multiplatform media universe. These endeavors have helped this media conglomerate to attain a new 52-week high of $27.94 on Monday, before closing at $27.56. Shares of this Zacks Rank #3 (Hold) company have generated a solid return of approximately 47.1% in the last year.

Drivers that Triggered Momentum

News Corporation is poised to benefit from increased Television revenues due to sustained growth in retransmission consent revenues and is expected to generate strong affiliate fee growth through increased rates and an enlarged subscriber base.

Management anticipates channels businesses to deliver healthy earnings growth on the back of sustained increase at Cable Networks and growth at international channels, as well as increase in advertising and affiliate revenues buoyed by FOX News, Regional Sports Networks and FX Network.

The company is also focusing on enhancing its portfolio of regional sports channels to strengthen the company’s Fox Sports Media Group’s position in the lucrative sports entertainment business, where it competes with Walt Disney Company’s ( DIS - Analyst Report ) sports coverage network, ESPN.

Moreover, News Corporation remains on track to split into two separate publicly traded publishing and media and entertainment entities. The split is expected to augur well for News Corporation, which has been in troubled waters since the revelation of the phone hacking scandal.

Stock’s Key Indicators

From the valuation perspective, News Corp. currently trades at a forward P/E of 16.22x, a discount to the peer group average of 16.90x. Moreover, the company’s return-on-equity (ROE), return on assets (ROA) and return-on-investments (ROI) of 13.6%, 6.2% and 8.6%, respectively, are higher than the peer group averages.

Other Stocks to Consider

Until any further upward revision in News Corp’s rating, other media companies worth considering include Lions Gate Entertainment ( LGF - Analyst Report ) and IMAX Corporation ( IMAX - Snapshot Report ) , which hold a Zacks Rank #1 (Strong Buy) and a Zacks Rank #2 (Buy), respectively.

Email Print Share Rate Pos Rate Neg

Read/Post Comments (0) | Recommended this article (0)

Please login to Zacks.com or register to post a comment.

Zacks Research is Reported On:

Zacks Investment Research

is an A+ Rated BBB

Accredited Business.