Twenty-First Century Fox Sets New 12-Month High at $36.56 (FOXA)
Twenty-First Century Fox (NASDAQ:FOXA) shares hit a new 52-week high during trading on Thursday , Stock Ratings News reports. The company traded as high as $36.56 and last traded at $36.30, with a volume of 6,111,521 shares trading hands. The stock had previously closed at $36.30.
A number of research firms have recently commented on FOXA. Analysts at Zacks reiterated a “neutral” rating on shares of Twenty-First Century Fox in a research note on Friday, August 22nd. They now have a $38.00 price target on the stock. Separately, 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, August 7th. They now have a $35.00 price target on the stock, up previously from $29.00. Finally, 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. Four analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $39.75.
The stock has a 50-day moving average of $34.09 and a 200-day moving average of $33.89. The company has a market cap of $79.346 billion and a price-to-earnings ratio of 18.23. Twenty-First Century Fox also was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 69,603,979 shares, an increase of 2.6% from the July 31st total of 67,832,353 shares. Currently, 4.9% of the company’s shares are sold short. Based on an average daily trading volume, of 23,483,691 shares, the short-interest ratio is presently 3.0 days.
Twenty-First Century Fox (NASDAQ:FOXA) last announced its earnings results on Wednesday, August 6th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was up 16.8% on a year-over-year basis. Analysts expect that Twenty-First Century Fox will post $1.71 EPS for the current fiscal year.
The company also recently announced a semiannual dividend, which is scheduled for Wednesday, October 15th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.125 per share. This represents a dividend yield of 0.73%. The ex-dividend date 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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