Twenty-First Century Fox’s (FOXA) “Buy” Rating Reiterated at KeyCorp

KeyCorp reaffirmed their buy rating on shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) in a research note released on Sunday morning. The brokerage currently has a $35.00 price objective on the stock.

A number of other equities research analysts also recently weighed in on the company. Sanford C. Bernstein reaffirmed a market perform rating on shares of Twenty-First Century Fox in a research report on Tuesday, September 12th. Credit Suisse Group reaffirmed an outperform rating and set a $35.00 price objective (down previously from $37.00) on shares of Twenty-First Century Fox in a research report on Thursday, October 12th. ValuEngine downgraded Twenty-First Century Fox from a buy rating to a hold rating in a research report on Friday, September 1st. B. Riley raised their price objective on Twenty-First Century Fox from $29.00 to $36.00 and gave the company a neutral rating in a research report on Friday, November 17th. Finally, Royal Bank Of Canada reaffirmed an outperform rating and set 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. One analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $33.65.

Twenty-First Century Fox (NASDAQ:FOXA) opened at $30.88 on Friday. Twenty-First Century Fox has a 12-month low of $24.81 and a 12-month high of $32.60. 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 stock has a market capitalization of $57,170.00, a price-to-earnings ratio of 16.22, a PEG ratio of 2.14 and a beta of 1.36.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.80 billion. During the same quarter in the prior year, the company earned $0.51 EPS. The business’s revenue was up 7.6% compared to the same quarter last year. research analysts forecast that Twenty-First Century Fox will post 1.98 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Twenty-First Century Fox’s (FOXA) “Buy” Rating Reiterated at KeyCorp” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this article on another website, it was illegally copied and reposted in violation of US & international copyright and trademark law. The original version of this article can be accessed at https://ledgergazette.com/2017/11/22/twenty-first-century-foxs-foxa-buy-rating-reiterated-at-keycorp.html.

Several large investors have recently made changes to their positions in the company. Sterling Capital Management LLC raised its stake in shares of Twenty-First Century Fox by 1.2% in the second quarter. Sterling Capital Management LLC now owns 8,494 shares of the company’s stock worth $241,000 after purchasing an additional 99 shares during the last quarter. State of Alaska Department of Revenue raised its position in Twenty-First Century Fox by 4.8% during the second quarter. State of Alaska Department of Revenue now owns 4,365 shares of the company’s stock valued at $123,000 after acquiring an additional 200 shares in the last quarter. Midwest Investment Management LLC raised its position in Twenty-First Century Fox by 0.3% during the second quarter. Midwest Investment Management LLC now owns 65,566 shares of the company’s stock valued at $1,858,000 after acquiring an additional 200 shares in the last quarter. Nordea Investment Management AB raised its position in Twenty-First Century Fox by 0.5% during the second quarter. Nordea Investment Management AB now owns 55,238 shares of the company’s stock valued at $1,565,000 after acquiring an additional 282 shares in the last quarter. Finally, First Allied Advisory Services Inc. raised its position in Twenty-First Century Fox by 2.6% during the second quarter. First Allied Advisory Services Inc. now owns 14,781 shares of the company’s stock valued at $425,000 after acquiring an additional 375 shares in the last quarter. Hedge funds and other institutional investors own 54.28% of the company’s stock.

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.

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

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