Twenty-First Century Fox, Inc. (FOXA) Shares Up 6.2% on Analyst Upgrade

Twenty-First Century Fox, Inc. (NASDAQ:FOXA)’s share price shot up 6.2% on Friday after B. Riley raised their price target on the stock from $29.00 to $36.00. B. Riley currently has a neutral rating on the stock. Twenty-First Century Fox traded as high as $31.47 and last traded at $31.15. 35,335,608 shares traded hands during trading, an increase of 303% from the average session volume of 8,759,009 shares. The stock had previously closed at $29.32.

FOXA has been the topic of several other research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research report on Tuesday, September 26th. Piper Jaffray Companies began coverage on Twenty-First Century Fox in a research report on Friday, August 11th. They issued an “overweight” rating and a $35.00 price objective on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $34.00 price objective (down previously from $35.00) on shares of Twenty-First Century Fox in a research report on Thursday, November 9th. KeyCorp reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research report on Sunday, September 10th. Finally, Zacks Investment Research downgraded Twenty-First Century Fox from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $33.65.

Large investors have recently made changes to their positions in the company. Grove Bank & Trust raised its stake in shares of Twenty-First Century Fox by 1,328.3% in the second quarter. Grove Bank & Trust now owns 3,785 shares of the company’s stock worth $107,000 after purchasing an additional 3,520 shares during the last quarter. Mint Tower Capital Management B.V. acquired a new stake in Twenty-First Century Fox in the third quarter valued at approximately $110,000. Rockefeller Financial Services Inc. acquired a new stake in Twenty-First Century Fox in the third quarter valued at approximately $113,000. State of Alaska Department of Revenue grew its holdings in Twenty-First Century Fox by 4.8% in the second quarter. State of Alaska Department of Revenue now owns 4,365 shares of the company’s stock valued at $123,000 after purchasing an additional 200 shares during the period. Finally, Zions Bancorporation grew its holdings in Twenty-First Century Fox by 86.4% in the third quarter. Zions Bancorporation now owns 4,911 shares of the company’s stock valued at $130,000 after purchasing an additional 2,276 shares during the period. Hedge funds and other institutional investors own 53.45% of the company’s stock.

The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.73 and a current ratio of 2.08. The firm has a market cap of $53,680.00, a price-to-earnings ratio of 14.60, a P/E/G ratio of 1.92 and a beta of 1.36.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.49 EPS for the quarter, beating the 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 company had revenue of $7 billion for the quarter, compared to analyst estimates of $6.80 billion. During the same period last year, the company earned $0.51 earnings per share. Twenty-First Century Fox’s quarterly revenue was up 7.6% compared to the same quarter last year. research analysts expect that Twenty-First Century Fox, Inc. will post 1.98 EPS for the current fiscal year.

WARNING: “Twenty-First Century Fox, Inc. (FOXA) Shares Up 6.2% on Analyst Upgrade” was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://ledgergazette.com/2017/11/17/twenty-first-century-fox-inc-foxa-shares-up-6-2-on-analyst-upgrade.html.

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.

Receive News & Ratings for Twenty-First Century Fox Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twenty-First Century Fox Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply