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NWS

News Corp

$13.85

0.1 (0.73%)

, NWSA

News Corp.

$13.35

0.13 (0.98%)

16:31
08/29/18
08/29
16:31
08/29/18
16:31

News Corp. to acquire Opcity for $210M

News Corp. announced that its subsidiary Move, Inc., operator of realtor.com, has entered into an agreement to acquire Opcity, the real estate technology platform that matches qualified home buyers and sellers with real estate professionals in real time. The planned acquisition of Opcity, based in Austin, Texas, will broaden realtor.com's lead generation product portfolio, allowing real estate professionals to choose between traditional lead products that offer professionals the opportunity to work leads themselves or a concierge-based model that provides highly vetted, transaction-ready leads, which is the expertise Opcity brings to realtor.com. The acquisition purchase price is $210M, subject to adjustments. The transaction is subject to customary closing conditions, including regulatory approval and approval by holders of the majority of Opcity shares.

NWS

News Corp

$13.85

0.1 (0.73%)

NWSA

News Corp.

$13.35

0.13 (0.98%)

NWS News Corp
$13.85

0.1 (0.73%)

08/20/18
08/20/18
DOWNGRADE
Target $12.5

Underweight
News Corp. downgraded to Underweight on Foxtel OTT risks at Morgan Stanley
As previously reported, Morgan Stanley analyst Andrew McLeod downgraded News Corp. to Underweight from Equal Weight, noting that its Australian payTV unit, Foxtel, will launch a new OTT sports service by the end of 2018, which presents the "obvious risk" that its existing subscriber base and high ARPU will come under pressure. While McLeod believes it's a risk that should be taken because "history says that if Foxtel doesn't disrupt itself, someone else will," he also cut his estimates and value for the unit. McLeod lowered his price target on News Corp. shares to $12.50 from $17.00.
NWSA News Corp.
$13.35

0.13 (0.98%)

08/20/18
MSCO
08/20/18
DOWNGRADE
MSCO
Underweight
News Corp. downgraded to Underweight from Equal Weight at Morgan Stanley
08/20/18
08/20/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Constellation Brands (STZ, STZ.B) downgraded to Negative from Neutral at Susquehanna with analyst Pablo Zuanic citing valuation. 2. Infosys (INFY) downgraded to Equal Weight from Overweight at Morgan Stanley with analyst Parag Gupta citing a belief that concerns around senior management exits will remain an overhang on the stock. 3. YogaWorks (YOGA) downgraded to Market Perform from Outperform at Cowen with analyst Oliver Chen saying he sees risk to visitation and revenue trends with the company's medium-term priorities of pulling back on promotions and marketing. 4. News Corp. (NWSA) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Andrew McLeod saying its Australian payTV unit, Foxtel, will launch a new OTT sports service by the end of 2018, which presents the "obvious risk" that its existing subscriber base and high ARPU will come under pressure. 5. Park Hotels & Resorts (PK) downgraded to In Line from Outperform at Evercore ISI. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
08/29/18
UBSW
08/29/18
UPGRADE
UBSW
Neutral
News Corp. upgraded to Neutral from Sell at UBS
UBS analyst Tom Beadle upgraded News Corp. to Neutral while lowering his price target for the shares to A$20.10 from A$20.75. The analyst cites valuation for the upgrade following the recent underperformance of the shares. He sees "significant value" in News Corp.'s "stub" of traditional media but believes REA Group remains expensive.

TODAY'S FREE FLY STORIES

MSM

MSC Industrial

$83.37

-0.44 (-0.52%)

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MSC Industrial management to meet with William Blair »

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KFS

Kingsway Financial

$2.30

-0.14 (-5.74%)

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Kingsway Financial announces receipt of notification letter from NYSE »

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AWK

American Water

$104.63

2.32 (2.27%)

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American Water signs contract to acquire East Pasadena Water Company »

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FSNN

Fusion

$0.24

0.0048 (2.01%)

19:45
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Fusion sees being delisted following receipt of Nasdaq delisting notice »

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PSA

Public Storage

$217.43

0.81 (0.37%)

19:42
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Public Storage announces change of Chief Legal Officer »

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V

Visa

$160.14

-0.33 (-0.21%)

19:40
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Visa board elects Visa CEO Al Kelly as Chair »

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NAVB

Navidea

$0.17

0.0001 (0.06%)

19:39
04/19/19
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19:39
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19:39
Hot Stocks
Navidea announces one-for-twenty reverse stock split »

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TISA

Top Image Systems

$0.84

-0.0069 (-0.81%)

19:37
04/19/19
04/19
19:37
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Hot Stocks
Top Image sees voluntarily delisting to be complete before Nasdaq deadline »

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FCPT

Four Corners Property Trust

$28.17

0.49 (1.77%)

19:33
04/19/19
04/19
19:33
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Hot Stocks
Four Corners Property Trust acquires restaurant properties for $2.6M »

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  • 24

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PRK

Park National

$93.98

-2.72 (-2.81%)

19:32
04/19/19
04/19
19:32
04/19/19
19:32
Earnings
Park National reports Q1 EPS $1.62, two estimates $1.61 »

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  • 22

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STNE

StoneCo

$26.50

-8.25 (-23.74%)

19:29
04/19/19
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Hot Stocks
StoneCo says latest incentive offers from competitors don't change strategy »

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  • 11

    Jun

GPIC

Gaming Partners

$13.09

(0.00%)

19:24
04/19/19
04/19
19:24
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19:24
Hot Stocks
Gaming Partners sees acquisition by Angel closing on May 1 »

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SCHW

Charles Schwab

$45.57

-0.53 (-1.15%)

17:04
04/19/19
04/19
17:04
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17:04
Conference/Events
Charles Schwab to hold a webcast »

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12:45
04/19/19
04/19
12:45
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General news
Breaking General news story  »

Week of 4/19 Baker-Hughes…

MMNFF

MedMen

$0.00

(0.00%)

11:13
04/19/19
04/19
11:13
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11:13
Hot Stocks
MedMen announces resignations of COO and General Counsel »

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TKC

Turkcell

$5.49

-0.175 (-3.09%)

11:08
04/19/19
04/19
11:08
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11:08
Hot Stocks
Turkcell sees conclusion of $4.2B lawsuit against MTN this year »

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FCCY

1st Constitution Bancorp

$18.07

-0.14 (-0.77%)

11:05
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Earnings
1st Constitution Bancorp reports Q1 EPS 39c, two estimates 36c »

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QUMU

Qumu

$2.83

-0.035 (-1.22%)

11:03
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Hot Stocks
Qumu announces death of director Thomas Madison »

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FAT

Fat Brands

$5.15

0.065 (1.28%)

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Fat Brands announces development of Fatburger concept in Albuquerque »

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HRTG

Heritage Insurance

$14.32

0.25 (1.78%)

10:52
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Hot Stocks
Heritage Insurance announces preliminary Q1 catastrophe losses of $15.4M »

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COTY

Coty

$11.27

0.02 (0.18%)

10:48
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Hot Stocks
Coty notes extension of tender offer by affiliate of JAB Holding Company »

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NTES

NetEase

$265.88

-2.34 (-0.87%)

10:45
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Hot Stocks
NetEase announces music license agreement with Nippon Columbia »

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09:10
04/19/19
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General news
Today's U.S. housing report revealed March declines »

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General news
U.S. housing starts fell 0.3% to 1.139 M in March »

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08:15
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General news
Housing Starts to be reported at 08:30 »

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