Twenty-First Century Fox Inc (FOXA) Receives Average Recommendation of “Buy” from Analysts

Twenty-First Century Fox Inc (NASDAQ:FOXA) has earned an average recommendation of “Buy” from the twenty-six research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $37.05.

Several equities research analysts have recently commented on FOXA shares. Pivotal Research lifted their target price on Twenty-First Century Fox from $35.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, December 14th. Loop Capital cut Twenty-First Century Fox from a “hold” rating to a “sell” rating and set a $31.00 target price for the company. in a research note on Thursday, December 21st. Royal Bank of Canada lifted their target price on Twenty-First Century Fox to $43.00 and gave the company an “outperform” rating in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Rosenblatt Securities reissued a “buy” rating and issued a $40.00 target price on shares of Twenty-First Century Fox in a research note on Monday, December 4th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $35.00 target price (down from $37.00) on shares of Twenty-First Century Fox in a research note on Thursday, October 12th.

Twenty-First Century Fox (NASDAQ:FOXA) traded down $0.29 during mid-day trading on Tuesday, reaching $35.85. The company had a trading volume of 3,239,918 shares, compared to its average volume of 10,198,655. Twenty-First Century Fox has a 12-month low of $24.81 and a 12-month high of $39.13. The firm has a market cap of $68,024.83, a PE ratio of 22.29, a price-to-earnings-growth ratio of 1.93 and a beta of 1.32. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.08 and a quick ratio of 1.73.

Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. Twenty-First Century Fox had a return on equity of 21.41% and a net margin of 10.30%. The firm had revenue of $7 billion during the quarter, compared to analysts’ expectations of $6.80 billion. During the same period last year, the firm posted $0.51 EPS. The business’s revenue was up 7.6% on a year-over-year basis. equities research analysts forecast that Twenty-First Century Fox will post 2 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. Barrow Hanley Mewhinney & Strauss LLC boosted its position 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 worth $988,198,000 after purchasing an additional 3,018,013 shares during the last quarter. Independent Franchise Partners LLP boosted its position 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 worth $749,050,000 after purchasing an additional 2,039,154 shares during the last quarter. APG Asset Management N.V. boosted its position in shares of Twenty-First Century Fox by 5.2% in the 3rd quarter. APG Asset Management N.V. now owns 6,524,752 shares of the company’s stock worth $172,123,000 after purchasing an additional 325,156 shares during the last quarter. Investec Asset Management LTD boosted its position in shares of Twenty-First Century Fox by 30.9% in the 3rd quarter. Investec Asset Management LTD now owns 6,256,717 shares of the company’s stock worth $165,052,000 after purchasing an additional 1,476,826 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in Twenty-First Century Fox by 1.6% during the third quarter. Legal & General Group Plc now owns 5,254,661 shares of the company’s stock worth $138,621,000 after acquiring an additional 84,586 shares in the last quarter. Institutional investors and hedge funds own 54.26% of the company’s stock.

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Twenty-First Century Fox Company Profile

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.

Analyst Recommendations for Twenty-First Century Fox (NASDAQ:FOXA)

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