Twenty-First Century Fox Stock Rating Reaffirmed by TheStreet (FOXA)
Twenty-First Century Fox (NASDAQ:FOXA)‘s stock had its “buy” rating reiterated by TheStreet in a research note issued on Tuesday, 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 revenue growth, solid stock price performance, notable return on equity, reasonable valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
A number of other firms have also recently commented on FOXA. Analysts at Ascendiant Capital Markets initiated coverage on shares of Twenty-First Century Fox in a research note to investors on Thursday, December 19th. They set a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Twenty-First Century Fox from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, November 21st. They now have a $33.90 price target on the stock. Finally, analysts at Sterne Agee raised their price target on shares of Twenty-First Century Fox from $36.00 to $40.00 in a research note to investors on Wednesday, November 6th. They now have a “buy” rating on the stock. Four analysts have rated the stock with a hold rating, nineteen have issued a buy rating and two have assigned a strong buy rating to the stock. Twenty-First Century Fox presently has a consensus rating of “Buy” and an average price target of $37.38.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its earnings results on Tuesday, November 5th. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.02. The company had revenue of $7.06 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same quarter last year, the company posted $0.38 earnings per share. Twenty-First Century Fox’s revenue was up 17.6% compared to the same quarter last 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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