Stock Traders Buy High Volume of Put Options on Twenty-First Century Fox (FOXA)
Twenty-First Century Fox (NASDAQ:FOXA) was the recipient of unusually large options trading on Wednesday. Traders purchased 6,389 put options on the company, StockRatingsNetwork.com reports. This represents an increase of 426% compared to the typical volume of 1,215 put options.
A number of research firms have recently commented on FOXA. Analysts at Jefferies Group initiated coverage on shares of Twenty-First Century Fox in a research note on Wednesday. They set a “buy” rating on the stock. Separately, 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. Finally, 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. Four 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. The company presently has an average rating of “Buy” and a consensus price target of $38.05.
Twenty-First Century Fox (NASDAQ:FOXA) traded up 1.96% during mid-day trading on Wednesday, hitting $34.88. 27,255,374 shares of the company’s stock traded hands. Twenty-First Century Fox has a 52-week low of $27.871 and a 52-week high of $36.43. The stock has a 50-day moving average of $34.8 and a 200-day moving average of $33.36. The company has a market cap of $77.655 billion and a P/E ratio of 25.08.
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. Analysts expect that Twenty-First Century Fox will post $1.52 EPS 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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