Twenty-First Century Fox Given Consensus Rating of “Buy” by Brokerages (NASDAQ:FOXA)
Twenty-First Century Fox (NASDAQ:FOXA) has been given an average recommendation of “Buy” by the thirty analysts that are covering the company, Analyst Ratings Network reports. Three research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $37.95.
Shares of Twenty-First Century Fox (NASDAQ:FOXA) remained flat at $35.19 during trading on Tuesday. 1,628,600 shares of the company’s stock traded hands. Twenty-First Century Fox has a 1-year low of $26.7933 and a 1-year high of $35.75. The stock has a 50-day moving average of $32.59 and a 200-day moving average of $33.06. The company has a market cap of $78.346 billion and a price-to-earnings ratio of 25.80. Twenty-First Century Fox also was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 51,299,975 shares, a growth of 5.8% from the April 15th total of 48,466,573 shares. Based on an average daily trading volume, of 12,301,866 shares, the short-interest ratio is presently 4.2 days. Approximately 3.5% of the company’s shares are sold short.
Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.12. The company had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $7.99 billion. The company’s quarterly revenue was up 11.8% on a year-over-year basis. On average, analysts predict that Twenty-First Century Fox will post $1.52 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on FOXA shares. Analysts at Nomura reiterated a “buy” rating on shares of Twenty-First Century Fox in a research note on Thursday, May 8th. They now have a $40.00 price target on the stock, down previously from $42.00. Separately, analysts at Deutsche Bank downgraded shares of Twenty-First Century Fox to a “buy” rating in a research note on Thursday, May 8th. Finally, analysts at FBR Capital Markets raised their price target on shares of Twenty-First Century Fox from $42.00 to $44.00 in a research note on Thursday, May 8th. They now have an “outperform” rating on the stock.
Twenty-First Century Fox, Inc, formerly News Corporation, is a diversified global media and entertainment company with operations in cable network programming; television; filmed entertainment; direct broadcast satellite television, and other, corporate and eliminations.
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