Twenty-First Century Fox Stock Rating Reaffirmed by TheStreet (FOXA)
Twenty-First Century Fox (NASDAQ:FOXA)‘s stock had its “buy” rating reaffirmed by equities research analysts at TheStreet in a research note issued to investors on Tuesday, Stock Ratings Network.com reports.
The analysts wrote, “Twenty-First Century Fox (FOXA) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.”
Several other analysts have also recently commented on the stock. Analysts at Morgan Stanley reiterated an “overweight” rating on shares of Twenty-First Century Fox (NASDAQ:FOXA) in a research note to investors on Thursday, September 12th. They now have a $37.00 price target on the stock, up previously from $34.00. Separately, analysts at ISI Group initiated coverage on shares of Twenty-First Century Fox (NASDAQ:FOXA) in a research note to investors on Tuesday, September 10th. They set a “strong-buy” rating and a $38.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Twenty-First Century Fox (NASDAQ:FOXA) from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, September 2nd. They now have a $32.10 price target on the stock. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $35.41.
Shares of Twenty-First Century Fox (NASDAQ:FOXA) traded up 0.98% during mid-day trading on Tuesday, hitting $33.84. The stock had a trading volume of 3,510,193 shares. Twenty-First Century Fox has a one year low of $20.2915 and a one year high of $33.84. The stock has a 50-day moving average of $32.26 and a 200-day moving average of $29.58. The company has a market cap of $78.154 billion and a P/E ratio of 11.06.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its earnings results on Tuesday, August 6th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by $0.03. The company had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.12 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 15.7% on a year-over-year basis. On average, analysts predict that Twenty-First Century Fox will post $1.55 earnings per share for the current fiscal year.
Twenty-First Century Fox, Inc, formerly News Corporation, has a portfolio of cable, broadcast, film, pay television and satellite assets spanning six continents across the globe.
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