Twenty-First Century Fox (FOXA) Given Outperform Rating at Wells Fargo & Company
Twenty-First Century Fox (NASDAQ:FOXA)‘s stock had its “outperform” rating restated by stock analysts at Wells Fargo & Company in a report issued on Thursday, The Fly reports.
FOXA has been the topic of a number of other reports. Jefferies Group reissued a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research note on Tuesday, September 26th. BMO Capital Markets reissued a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research note on Wednesday, November 22nd. B. Riley boosted their price objective on Twenty-First Century Fox from $29.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, November 17th. Piper Jaffray Companies began coverage on Twenty-First Century Fox in a research note on Friday, August 11th. They issued an “overweight” rating and a $35.00 price objective on the stock. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $34.00 price objective (down from $35.00) on shares of Twenty-First Century Fox in a research note on Thursday, November 9th. One equities 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 an average rating of “Buy” and an average price target of $33.95.
Twenty-First Century Fox (NASDAQ:FOXA) traded up $0.97 during midday trading on Thursday, hitting $34.18. The company’s stock had a trading volume of 26,581,843 shares, compared to its average volume of 8,934,130. Twenty-First Century Fox has a 1 year low of $24.81 and a 1 year high of $34.75. The company has a market cap of $61,114.90, a price-to-earnings ratio of 17.18, a PEG ratio of 2.26 and a beta of 1.34. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.08 and a quick ratio of 1.73.
Hedge funds have recently bought and sold shares of the stock. Verition Fund Management LLC acquired a new position in Twenty-First Century Fox during the 2nd quarter worth approximately $365,000. Candriam Luxembourg S.C.A. raised its stake in Twenty-First Century Fox by 76.8% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 261,190 shares of the company’s stock worth $6,890,000 after buying an additional 113,484 shares during the period. JPMorgan Chase & Co. raised its stake in Twenty-First Century Fox by 8.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 26,630,790 shares of the company’s stock worth $754,718,000 after buying an additional 2,140,568 shares during the period. Financial Counselors Inc. raised its stake in Twenty-First Century Fox by 80.0% during the 2nd quarter. Financial Counselors Inc. now owns 304,272 shares of the company’s stock worth $8,623,000 after buying an additional 135,241 shares during the period. Finally, Vivaldi Asset Management LLC increased its holdings in Twenty-First Century Fox by 656.5% during the 2nd quarter. Vivaldi Asset Management LLC now owns 290,500 shares of the company’s stock worth $8,233,000 after purchasing an additional 252,100 shares in the last quarter. 54.50% of the stock is currently owned by institutional investors and hedge funds.
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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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