Recent Investment Analysts’ Ratings Updates for Twenty-First Century Fox (FOXA)

A number of firms have modified their ratings and price targets on shares of Twenty-First Century Fox (NASDAQ: FOXA) recently:

  • 12/15/2017 – Twenty-First Century Fox had its price target raised by analysts at Telsey Advisory Group from $28.00 to $34.00. They now have a “market perform” rating on the stock.
  • 12/14/2017 – Twenty-First Century Fox had its price target raised by analysts at Pivotal Research from $35.00 to $37.00. They now have a “buy” rating on the stock.
  • 12/7/2017 – Twenty-First Century Fox had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company.
  • 12/4/2017 – Twenty-First Century Fox had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $40.00 price target on the stock.
  • 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.

Shares of Twenty-First Century Fox, Inc. (FOXA) traded up $2.13 during mid-day trading on Friday, hitting $34.88. 55,597,598 shares of the stock traded hands, compared to its average volume of 9,237,952. The stock has a market capitalization of $60,670.29, a P/E ratio of 17.06, a PEG ratio of 2.25 and a beta of 1.34. The company has a quick ratio of 1.73, a current ratio of 2.08 and a debt-to-equity ratio of 1.09. Twenty-First Century Fox, Inc. has a fifty-two week low of $24.81 and a fifty-two week high of $35.15.

Twenty-First Century Fox (NASDAQ:FOXA) last announced its earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The business had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.80 billion. Twenty-First Century Fox had a net margin of 10.30% and a return on equity of 21.41%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.51 earnings per share. research analysts forecast that Twenty-First Century Fox, Inc. will post 1.98 EPS for the current fiscal 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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