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Jefferies Group initiated coverage on shares of Twenty-First Century Fox (NASDAQ:FOXA) in a research note issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

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 also saw a large drop in short interest in the month of June. As of June 13th, there was short interest totalling 57,958,920 shares, a drop of 6.5% from the May 30th total of 61,974,912 shares. Based on an average trading volume of 10,015,301 shares, the short-interest ratio is currently 5.8 days. Approximately 4.1% of the shares of the stock are sold short.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the 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 revenue for the quarter 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.

FOXA has been the subject of a number of other recent research reports. 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 research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $38.05.

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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