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Twenty-First Century Fox (NASDAQ:FOXA) posted its quarterly earnings results on Wednesday. The company reported $0.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.38 by $0.05, American Banking and Market News reports. The company had revenue of $8.42 billion for the quarter, compared to the consensus estimate of $7.99 billion. During the same quarter last year, the company posted $0.31 earnings per share. Twenty-First Century Fox’s revenue was up 16.8% compared to the same quarter last year.

Twenty-First Century Fox (NASDAQ:FOXA) traded up 3.29% on Wednesday, hitting $32.33. The stock had a trading volume of 49,972,924 shares. Twenty-First Century Fox has a 52 week low of $30.67 and a 52 week high of $36.43. The stock has a 50-day moving average of $34.01 and a 200-day moving average of $33.38. The company has a market cap of $71.978 billion and a P/E ratio of 22.95. Twenty-First Century Fox also saw unusually large options trading activity on Wednesday. Traders purchased 13,972 call options on the company. This is an increase of 310% compared to the average daily volume of 3,405 call options.

FOXA has been the subject of a number of recent research reports. Analysts at Morgan Stanley initiated coverage on shares of Twenty-First Century Fox in a research note on Tuesday. They set an “overweight” rating and a $37.00 price target on the stock. On the ratings front, analysts at Cowen and Company downgraded shares of Twenty-First Century Fox from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 23rd. Finally, analysts at ISI Group downgraded shares of Twenty-First Century Fox from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 17th. Four equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the stock. Twenty-First Century Fox currently has an average rating of “Buy” and an average price target of $39.82.

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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