Twenty-First Century Fox, Inc. (FOXA) Stock Rating Reaffirmed by KeyCorp
Twenty-First Century Fox, Inc. (NASDAQ:FOXA)‘s stock had its “buy” rating reaffirmed by KeyCorp in a research note issued to investors on Sunday. They currently have a $35.00 target price on the stock. KeyCorp’s target price points to a potential upside of 14.16% from the stock’s current price.
Other research analysts have also issued reports about the company. Guggenheim reaffirmed a “buy” rating and set a $35.00 target price on shares of Twenty-First Century Fox in a report on Tuesday, October 10th. Piper Jaffray Companies set a $35.00 target price on Twenty-First Century Fox and gave the stock a “buy” rating in a report on Wednesday, November 1st. Credit Suisse Group reaffirmed a “buy” rating on shares of Twenty-First Century Fox in a report on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “buy” rating and set a $35.00 target price on shares of Twenty-First Century Fox in a report on Saturday, July 22nd. Finally, ValuEngine lowered Twenty-First Century Fox from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the company’s stock. Twenty-First Century Fox presently has a consensus rating of “Buy” and a consensus price target of $33.65.
Twenty-First Century Fox (NASDAQ:FOXA) traded down $0.49 during trading hours on Friday, reaching $30.66. The company had a trading volume of 13,338,680 shares, compared to its average volume of 8,779,564. The firm has a market capitalization of $57,170.00, a price-to-earnings ratio of 16.22, a P/E/G ratio of 2.14 and a beta of 1.36. Twenty-First Century Fox has a 1 year low of $24.81 and a 1 year high of $32.60. The company has a current ratio of 2.08, a quick ratio of 1.73 and a debt-to-equity ratio of 1.09.
Twenty-First Century Fox (NASDAQ:FOXA) last released its earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $6.80 billion. Twenty-First Century Fox had a return on equity of 21.41% and a net margin of 10.30%. Twenty-First Century Fox’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share. equities analysts anticipate that Twenty-First Century Fox will post 1.98 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of FOXA. Dodge & Cox bought a new position in Twenty-First Century Fox in the 4th quarter worth approximately $1,932,490,000. BlackRock Inc. increased its position in Twenty-First Century Fox by 2,105.9% in the 1st quarter. BlackRock Inc. now owns 57,769,482 shares of the company’s stock worth $1,871,155,000 after buying an additional 55,150,610 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in Twenty-First Century Fox in the 4th quarter worth approximately $871,660,000. Norges Bank bought a new position in Twenty-First Century Fox in the 4th quarter worth approximately $736,949,000. Finally, Independent Franchise Partners LLP bought a new position in Twenty-First Century Fox in the 3rd quarter worth approximately $496,728,000. 54.28% of the stock is currently owned by institutional investors.
About Twenty-First Century Fox
Twenty-First Century Fox, Inc is a media and entertainment company. The Company’s segments include Cable Network Programming; Television; Filmed Entertainment, and Other, Corporate and Eliminations. The Cable Network Programming segment produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution.
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