Twenty-First Century Fox Upgraded to “Buy” by BTIG Research (FOXA)
Twenty-First Century Fox (NASDAQ:FOXA) was upgraded by BTIG Research from a “neutral” rating to a “buy” rating in a research note issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $40.00 price objective on the stock. BTIG Research’s price objective points to a potential upside of 16.55% from the company’s current price.
The analysts wrote, “We are upgrading 21st Century to BUY from Neutral and establishing a $40 price target. We believe that Fox’s current asset mix, with a heavy emphasis around sports position the company for superior long term growth and a more defensible position in an evolving media landscape.”
A number of other firms have also recently commented on FOXA. Analysts at TheStreet reiterated a “buy” rating on shares of Twenty-First Century Fox in a research note to investors on Tuesday. Separately, analysts at Hanson initiated coverage on shares of Twenty-First Century Fox in a research note to investors on Monday. They set a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of Twenty-First Century Fox in a research note to investors on Friday, October 4th. They set an “overweight” rating and a $39.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $35.89.
Shares of Twenty-First Century Fox (NASDAQ:FOXA) traded up 0.36% on Friday, hitting $34.445. 5,205,128 shares of the company’s stock traded hands. Twenty-First Century Fox has a 1-year low of $20.2915 and a 1-year high of $34.42. The stock has a 50-day moving average of $32.78 and a 200-day moving average of $30.. The company has a market cap of $79.552 billion and a P/E ratio of 11.33.
Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.31 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.32 earnings per share. Twenty-First Century Fox’s revenue was up 15.7% compared to the same quarter last year. On average, analysts predict that Twenty-First Century Fox will post $1.54 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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