Twenty-First Century Fox (FOXA) Sets New 1-Year High Following Analyst Upgrade

Shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) reached a new 52-week high during trading on Thursday after Pivotal Research raised their price target on the stock from $35.00 to $37.00. Pivotal Research currently has a buy rating on the stock. Twenty-First Century Fox traded as high as $34.81 and last traded at $32.75, with a volume of 21815400 shares trading hands. The stock had previously closed at $34.10.

A number of other analysts also recently issued reports on the stock. B. Riley raised their price target on shares of Twenty-First Century Fox from $29.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, November 17th. Sanford C. Bernstein restated a “market perform” rating on shares of Twenty-First Century Fox in a report on Tuesday, September 12th. Royal Bank of Canada restated an “outperform” rating and set a $34.00 price target (down previously from $35.00) on shares of Twenty-First Century Fox in a report on Thursday, November 9th. KeyCorp restated 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, Credit Suisse Group restated an “outperform” rating and set a $35.00 price target (down previously from $37.00) on shares of Twenty-First Century Fox in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $34.39.

Several large investors have recently bought and sold shares of the stock. Sterling Capital Management LLC boosted its position in shares of Twenty-First Century Fox by 1.2% during the 2nd 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 period. Midwest Investment Management LLC boosted its position in shares of Twenty-First Century Fox by 0.3% during the 2nd quarter. Midwest Investment Management LLC now owns 65,566 shares of the company’s stock worth $1,858,000 after purchasing an additional 200 shares during the period. Nordea Investment Management AB boosted its position in shares of Twenty-First Century Fox by 0.5% during the 2nd quarter. Nordea Investment Management AB now owns 55,238 shares of the company’s stock worth $1,565,000 after purchasing an additional 282 shares during the period. First Allied Advisory Services Inc. boosted its position in shares of Twenty-First Century Fox by 2.6% during the 2nd quarter. First Allied Advisory Services Inc. now owns 14,781 shares of the company’s stock worth $425,000 after purchasing an additional 375 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its position in shares of Twenty-First Century Fox by 2.6% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 15,802 shares of the company’s stock worth $448,000 after purchasing an additional 398 shares during the period. 54.50% of the stock is owned by hedge funds and other institutional investors.

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 cap of $64,270.00, a PE ratio of 17.76, a P/E/G ratio of 2.34 and a beta of 1.44.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $6.80 billion. During the same quarter last year, the company posted $0.51 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. equities analysts anticipate that Twenty-First Century Fox, Inc. will post 1.98 EPS for the current year.

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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.

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