Twenty-First Century Fox Short Interest Down 6.5% in June (FOXA)
Twenty-First Century Fox (NASDAQ:FOXA) saw a large decline in short interest during the month of June. As of June 13th, there was short interest totalling 57,958,920 shares, a decline of 6.5% from the May 30th total of 61,974,912 shares, Analyst Ratings Net reports. Based on an average daily volume of 10,015,301 shares, the short-interest ratio is presently 5.8 days. Currently, 4.1% of the shares of the company are sold short.
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, June 25th. They set a “buy” rating and a $43.00 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, 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 research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $38.26.
Shares of Twenty-First Century Fox (NASDAQ:FOXA) opened at 35.25 on Monday. Twenty-First Century Fox has a 52-week low of $28.77 and a 52-week high of $36.43. The stock has a 50-day moving average of $35.08 and a 200-day moving average of $33.40. The company has a market cap of $78.479 billion and a price-to-earnings ratio of 25.77.
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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