Twenty-First Century Fox Receives “Buy” Rating from TheStreet (FOXA)
Twenty-First Century Fox (NASDAQ:FOXA)‘s stock had its “buy” rating restated by equities research analysts at TheStreet in a research note issued to investors on Wednesday, AnalystRatingsNetwork.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 Deutsche Bank raised their price target on shares of Twenty-First Century Fox from $36.00 to $42.00 in a research note to investors on Monday, October 21st. They now have a “buy” rating on the stock. Separately, analysts at BTIG Research upgraded shares of Twenty-First Century Fox from a “neutral” rating to a “buy” rating in a research note to investors on Friday, October 18th. They now have a $40.00 price target on the stock. Finally, analysts at Hanson initiated coverage on shares of Twenty-First Century Fox in a research note to investors on Monday, October 14th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company. Twenty-First Century Fox has an average rating of “Buy” and an average target price of $36.62.
Twenty-First Century Fox (NASDAQ:FOXA) traded down 0.91% during mid-day trading on Wednesday, hitting $34.86. The stock had a trading volume of 15,476,436 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 $31.70 and a 200-day moving average of $28.99. The company has a market cap of $80.510 billion and a P/E ratio of 11.61.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its 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 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. Analysts expect that Twenty-First Century Fox will post $1.53 EPS 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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