Twenty-First Century Fox (FOXA) Downgraded by BMO Capital Markets to Market Perform

Twenty-First Century Fox (NASDAQ:FOXA) was downgraded by research analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating in a note issued to investors on Monday, The Fly reports.

Several other equities research analysts have also recently issued reports on the company. B. Riley boosted their price target 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. Sanford C. Bernstein reiterated a “market perform” rating on shares of Twenty-First Century Fox in a research note on Tuesday, September 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $34.00 price target (down from $35.00) on shares of Twenty-First Century Fox in a research note on Thursday, November 9th. KeyCorp reiterated a “buy” rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a research note on Sunday, September 10th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $35.00 price target (down from $37.00) on shares of Twenty-First Century Fox in a research note on Thursday, October 12th. One analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $34.72.

Twenty-First Century Fox (NASDAQ FOXA) opened at $34.99 on Monday. Twenty-First Century Fox has a 12-month low of $24.81 and a 12-month high of $35.86. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.08 and a quick ratio of 1.73. The company has a market capitalization of $64,819.96, a P/E ratio of 18.22, a PEG ratio of 2.40 and a beta of 1.34.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share (EPS) 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 analysts’ expectations of $6.80 billion. Twenty-First Century Fox had a return on equity of 21.41% and a net margin of 10.30%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.51 earnings per share. sell-side analysts expect that Twenty-First Century Fox will post 1.98 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in FOXA. Capital Research Global Investors lifted its stake in shares of Twenty-First Century Fox by 20.2% in the 2nd quarter. Capital Research Global Investors now owns 85,581,646 shares of the company’s stock valued at $2,425,384,000 after acquiring an additional 14,398,422 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of Twenty-First Century Fox by 8.8% in the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 37,460,118 shares of the company’s stock valued at $988,198,000 after acquiring an additional 3,018,013 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Twenty-First Century Fox by 17.4% in the 2nd quarter. Northern Trust Corp now owns 17,652,970 shares of the company’s stock valued at $500,285,000 after acquiring an additional 2,621,748 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Twenty-First Century Fox by 8.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 26,630,790 shares of the company’s stock valued at $754,718,000 after acquiring an additional 2,140,568 shares during the last quarter. Finally, Independent Franchise Partners LLP lifted its stake in shares of Twenty-First Century Fox by 7.7% in the 3rd quarter. Independent Franchise Partners LLP now owns 28,394,638 shares of the company’s stock valued at $749,050,000 after acquiring an additional 2,039,154 shares during the last quarter. Institutional investors own 54.50% of the company’s stock.

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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.