Twenty-First Century Fox (FOXA) Downgraded to Sell at Loop Capital

Twenty-First Century Fox (NASDAQ:FOXA) was downgraded by investment analysts at Loop Capital from a “hold” rating to a “sell” rating in a research report issued on Thursday, MarketBeat.com reports.

A number of other analysts also recently issued reports on FOXA. Guggenheim reaffirmed a “buy” rating and set a $35.00 price target on shares of Twenty-First Century Fox in a report on Tuesday, October 10th. Piper Jaffray Companies set a $35.00 price target on shares of Twenty-First Century Fox and gave the company a “buy” rating in a report on Wednesday, November 1st. Jefferies Group reaffirmed a “buy” rating and set a $35.00 price target on shares of Twenty-First Century Fox in a report on Tuesday, September 26th. KeyCorp reaffirmed a “buy” rating and set a $35.00 price target on shares of Twenty-First Century Fox in a report on Sunday, September 10th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $35.00 price target on shares of Twenty-First Century Fox in a report on Wednesday, November 22nd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $34.72.

Shares of Twenty-First Century Fox (NASDAQ:FOXA) traded down $0.79 during mid-day trading on Thursday, reaching $34.27. 15,625,899 shares of the company traded hands, compared to its average volume of 9,452,264. Twenty-First Century Fox has a one year low of $24.81 and a one year high of $35.86. The stock has a market cap of $64,949.63, a P/E ratio of 18.26, a price-to-earnings-growth ratio of 2.12 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 (NASDAQ:FOXA) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Twenty-First Century Fox had a net margin of 10.30% and a return on equity of 21.41%. The company had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same period in the prior year, the firm posted $0.51 EPS. Twenty-First Century Fox’s revenue for the quarter was up 7.6% on a year-over-year basis. analysts anticipate that Twenty-First Century Fox will post 1.98 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mint Tower Capital Management B.V. bought a new stake in Twenty-First Century Fox during the 3rd quarter worth approximately $110,000. Rockefeller Financial Services Inc. bought a new stake in shares of Twenty-First Century Fox during the third quarter valued at approximately $113,000. Zions Bancorporation raised its position in shares of Twenty-First Century Fox by 86.4% during the third quarter. Zions Bancorporation now owns 4,911 shares of the company’s stock valued at $130,000 after buying an additional 2,276 shares during the last quarter. Global X Management Co. LLC raised its position in shares of Twenty-First Century Fox by 9.7% during the second quarter. Global X Management Co. LLC now owns 5,108 shares of the company’s stock valued at $145,000 after buying an additional 451 shares during the last quarter. Finally, Tiedemann Wealth Management LLC bought a new stake in shares of Twenty-First Century Fox during the third quarter valued at approximately $148,000. Institutional investors own 54.37% 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.