Twenty-First Century Fox Stock Rating Reaffirmed by TheStreet (FOXA)
Twenty-First Century Fox (NASDAQ:FOXA)‘s stock had its “buy” rating reaffirmed by investment analysts at TheStreet in a note issued to investors on Tuesday, American Banking News 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 largely solid financial position with reasonable debt levels by most measures, notable return on equity, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Shares of Twenty-First Century Fox (NASDAQ:FOXA) opened at 32.135 on Tuesday. Twenty-First Century Fox has a 52-week low of $24.7173 and a 52-week high of $35.75. The stock has a 50-day moving average of $32.98 and a 200-day moving average of $32.9. The company has a market cap of $73.364 billion and a P/E ratio of 15.03.
Twenty-First Century Fox (NASDAQ:FOXA) last released its earnings data on Thursday, February 6th. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.10. The company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $7.89 billion. During the same quarter last year, the company posted $0.45 earnings per share. Twenty-First Century Fox’s revenue was up 14.9% compared to the same quarter last year. On average, analysts predict that Twenty-First Century Fox will post $1.48 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which is scheduled for Wednesday, April 16th. Investors of record on Wednesday, March 12th will be given a dividend of $0.125 per share. This represents a yield of 0.78%. The ex-dividend date of this dividend is Monday, March 10th.
Several other analysts have also recently commented on the stock. Analysts at Hanson upgraded shares of Twenty-First Century Fox from a “neutral” rating to a “buy” rating in a research note on Tuesday, February 4th. They now have a $36.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Twenty-First Century Fox in a research note on Friday, January 17th. They now have a $34.00 price target on the stock. Finally, analysts at Nomura initiated coverage on shares of Twenty-First Century Fox in a research note on Wednesday, January 15th. They set a “buy” rating and a $40.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and two have issued a strong buy rating to the company. Twenty-First Century Fox presently has an average rating of “Buy” and an average price target of $37.64.
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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