Short Interest in Twenty-First Century Fox Increases By 17.4% (FOXA)
Twenty-First Century Fox (NASDAQ:FOXA) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 60,243,825 shares, an increase of 17.4% from the April 30th total of 51,299,975 shares, Stock Ratings Network reports. Currently, 4.2% of the company’s shares are short sold. Based on an average daily volume of 13,995,441 shares, the short-interest ratio is currently 4.3 days.
A number of research firms have recently commented on FOXA. Analysts at Zacks reiterated a “neutral” rating on shares of Twenty-First Century Fox in a research note on Friday, May 23rd. They now have a $36.00 price target on the stock. Separately, analysts at Hudson Square Research initiated coverage on shares of Twenty-First Century Fox in a research note on Monday, May 19th. They set a “hold” rating on the stock. Finally, 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. Four investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $38.05.
Twenty-First Century Fox (NASDAQ:FOXA) opened at 35.51 on Friday. Twenty-First Century Fox has a 1-year low of $26.7933 and a 1-year high of $35.75. The stock’s 50-day moving average is $33.32 and its 200-day moving average is $33.09. The company has a market cap of $79.058 billion and a P/E ratio of 25.78.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its earnings results on Wednesday, May 7th. The company reported $0.47 earnings per share for the quarter, beating the analysts’ 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. Twenty-First Century Fox’s revenue was up 11.8% compared to the same quarter last year. On average, analysts predict that Twenty-First Century Fox will post $1.53 earnings per share for the current fiscal year.
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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