Short Interest in Twenty-First Century Fox Expands By 16.5% (FOXA)
Shares of Twenty-First Century Fox (NASDAQ:FOXA) were the target of a large increase in short interest during the month of July. As of July 31st, there was short interest totalling 67,832,353 shares, an increase of 16.5% from the July 15th total of 58,248,470 shares, Analyst Ratings News reports. Approximately 4.8% of the company’s shares are sold short. Based on an average daily trading volume, of 28,417,978 shares, the short-interest ratio is currently 2.4 days.
Several analysts have recently commented on the stock. Analysts at Cowen and Company upgraded shares of Twenty-First Century Fox from an “underperform” rating to a “market perform” rating in a research note on Thursday. They now have a $35.00 price target on the stock, up previously from $29.00. Separately, analysts at Morgan Stanley initiated coverage on shares of Twenty-First Century Fox in a research note on Tuesday, August 5th. They set an “overweight” rating and a $37.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. Twenty-First Century Fox currently has an average rating of “Buy” and a consensus target price of $39.63.
Shares of Twenty-First Century Fox (NASDAQ:FOXA) traded up 1.16% on Monday, hitting $34.77. 19,259,678 shares of the company’s stock traded hands. Twenty-First Century Fox has a one year low of $30.67 and a one year high of $36.43. The stock has a 50-day moving average of $33.91 and a 200-day moving average of $33.42. The company has a market cap of $77.468 billion and a price-to-earnings ratio of 17.28.
Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.05. The company had revenue of $8.42 billion for the quarter, compared to the consensus estimate of $7.99 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 16.8% on a year-over-year basis. On average, analysts predict that Twenty-First Century Fox will post $1.73 earnings per share for the current fiscal year.
The company also recently declared a semiannual dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Wednesday, September 10th will be given a dividend of $0.125 per share. This represents a yield of 0.73%. The ex-dividend date of this dividend is Monday, September 8th.
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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