Twenty-First Century Fox Raised to Neutral at Zacks (FOX)
Twenty-First Century Fox (NYSE:FOX) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday. The firm currently has a $35.30 price objective on the stock. Zacks‘s price objective indicates a potential upside of 2.50% from the company’s current price.
Twenty-First Century Fox (NYSE:FOX) traded up 1.13% on Tuesday, hitting $34.83. 1,141,435 shares of the company’s stock traded hands. Twenty-First Century Fox has a 52-week low of $30.02 and a 52-week high of $35.65. The stock has a 50-day moving average of $33.38 and a 200-day moving average of $32.98. The company has a market cap of $76.280 billion and a price-to-earnings ratio of 17.30.
Twenty-First Century Fox (NYSE:FOX) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.38 by $0.04. On average, analysts predict that Twenty-First Century Fox will post $1.78 earnings per share for the current fiscal year.
The company also recently announced a semiannual dividend, which is scheduled for Wednesday, October 15th. Stockholders of record on Wednesday, September 10th will be paid a dividend of $0.125 per share. This represents a dividend yield of 0.75%. The ex-dividend date is Monday, September 8th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company reiterated a “market perform” rating on shares of Twenty-First Century Fox in a research note on Thursday, August 7th. They now have a $35.00 price target on the stock, up previously from $29.00. 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. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $37.16.
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.
To view Zacks’ full report, visit Zacks’ official website.
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