Twenty-First Century Fox’s Market Perform Rating Reaffirmed at Cowen and Company (FOX)
Twenty-First Century Fox (NYSE:FOX)‘s stock had its “market perform” rating restated by stock analysts at Cowen and Company in a report issued on Thursday. They currently have a $35.00 price target on the stock, up from their previous price target of $29.00. Cowen and Company’s target price indicates a potential upside of 10.51% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Zacks downgraded shares of Twenty-First Century Fox from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 16th. They now have a $32.40 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Twenty-First Century Fox from $37.00 to $39.00 in a research note on Tuesday, July 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $36.58.
Twenty-First Century Fox (NYSE:FOX) traded up 5.62% during mid-day trading on Thursday, hitting $33.45. The stock had a trading volume of 5,059,775 shares. Twenty-First Century Fox has a 1-year low of $30.02 and a 1-year high of $35.65. The stock has a 50-day moving average of $33.33 and a 200-day moving average of $32.60. The company has a market cap of $74.472 billion and a price-to-earnings ratio of 23.22.
Twenty-First Century Fox (NYSE:FOX) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.04. Analysts expect that Twenty-First Century Fox will post $1.55 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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