Twenty-First Century Fox (FOXA) – Research Analysts’ Weekly Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Twenty-First Century Fox (NASDAQ: FOXA) in the last few weeks:

  • 11/22/2017 – Twenty-First Century Fox had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $35.00 price target on the stock.
  • 11/19/2017 – Twenty-First Century Fox had its “buy” rating reaffirmed by analysts at KeyCorp. They now have a $35.00 price target on the stock.
  • 11/17/2017 – Twenty-First Century Fox had its price target raised by analysts at B. Riley from $29.00 to $36.00. They now have a “neutral” rating on the stock.
  • 11/9/2017 – Twenty-First Century Fox had its “hold” rating reaffirmed by analysts at B. Riley. They now have a $31.00 price target on the stock.
  • 11/9/2017 – Twenty-First Century Fox had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $34.00 price target on the stock, down previously from $35.00.
  • 11/1/2017 – Twenty-First Century Fox had its “neutral” rating reaffirmed by analysts at B. Riley.
  • 11/1/2017 – Twenty-First Century Fox was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Shares of Twenty-First Century Fox have underperformed the industry in the past six months. The company’s proposed acquisition of remaining 61% stake in Sky plc hit a roadblock after U.K. Culture Secretary Karen Bradley demanded detailed review from the Competition and Markets Authority.  Meanwhile, increase in cost at Cable Network Programming is also a worry factor for investors. The rise in expenses was mostly due to elevated sports programming costs. Management anticipates costs at Cable Network to go up in fiscal 2018.  Nevertheless, Cable Network Programming, which has been a driving force backed by rising affiliate fees, is expected to do well in fiscal 2018 too. Affiliate fees are the dominant sources of revenue for the Cable Network segment.  We also observe that, of late, earnings estimates for the company have witnessed downward revisions for the first-quarter and fiscal 2018.”
  • 11/1/2017 – Twenty-First Century Fox was given a new $35.00 price target on by analysts at Piper Jaffray Companies. They now have a “buy” rating on the stock.
  • 10/12/2017 – Twenty-First Century Fox had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $35.00 price target on the stock, down previously from $37.00.
  • 10/10/2017 – Twenty-First Century Fox had its “buy” rating reaffirmed by analysts at Guggenheim. They now have a $35.00 price target on the stock.
  • 10/10/2017 – Twenty-First Century Fox was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Shares of Twenty-First Century Fox have underperformed the industry in the past six months. The company’s proposed acquisition of remaining 61% stake in Sky plc hit a roadblock after U.K. Culture Secretary Karen Bradley demanded detailed review from the Competition and Markets Authority.  Meanwhile, increase in cost at Cable Network Programming is also a worry factor for investors. The rise in expenses was mostly due to elevated sports programming costs. Management anticipates costs at Cable Network to go up in fiscal 2018.  Nevertheless, Cable Network Programming, which has been a driving force backed by rising affiliate fees, is expected to do well in fiscal 2018 too. Affiliate fees are the dominant sources of revenue for the Cable Network segment.  We also observe that, of late, earnings estimates for the company have witnessed downward revisions for the first-quarter and fiscal 2018.”

Twenty-First Century Fox, Inc. (NASDAQ FOXA) traded down $0.16 during trading on Thursday, reaching $31.94. The company’s stock had a trading volume of 10,734,587 shares, compared to its average volume of 8,722,392. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.73 and a current ratio of 2.08. The stock has a market capitalization of $57,169.02, a price-to-earnings ratio of 16.07, a P/E/G ratio of 2.12 and a beta of 1.26. Twenty-First Century Fox, Inc. has a one year low of $24.81 and a one year high of $32.60.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $7 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. research analysts anticipate that Twenty-First Century Fox, Inc. will post 1.98 earnings per share for the current year.

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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