Jefferies Group LLC Reaffirms Buy Rating for Twenty-First Century Fox, Inc. (FOXA)

Jefferies Group LLC restated their buy rating on shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) in a research report report published on Friday, May 12th. Jefferies Group LLC currently has a $35.00 target price on the stock.

Several other equities research analysts have also weighed in on the company. Rosenblatt Securities upgraded Twenty-First Century Fox from a neutral rating to a buy rating and set a $33.00 price target on the stock in a research report on Thursday, May 11th. Guggenheim reiterated a buy rating and set a $35.00 price objective (up previously from $34.00) on shares of Twenty-First Century Fox in a research note on Friday, April 14th. ValuEngine upgraded Twenty-First Century Fox from a hold rating to a buy rating in a research note on Thursday, May 11th. BMO Capital Markets restated a buy rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a research note on Wednesday, January 18th. Finally, Pivotal Research restated a buy rating and issued a $37.00 price target (up previously from $36.00) on shares of Twenty-First Century Fox in a research note on Sunday, April 23rd. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $33.20.

Shares of Twenty-First Century Fox (NASDAQ:FOXA) traded down 1.05% during mid-day trading on Friday, reaching $27.45. 9,902,383 shares of the company’s stock traded hands. The company has a 50 day moving average of $27.96 and a 200 day moving average of $29.52. The company has a market cap of $50.81 billion, a price-to-earnings ratio of 16.88 and a beta of 1.34. Twenty-First Century Fox has a 12 month low of $23.33 and a 12 month high of $32.60.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings data on Wednesday, May 10th. The company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.06. The firm had revenue of $7.56 billion for the quarter, compared to analyst estimates of $7.63 billion. Twenty-First Century Fox had a return on equity of 24.40% and a net margin of 10.72%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS. Analysts expect that Twenty-First Century Fox will post $1.94 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of the company. Whalerock Point Partners LLC bought a new position in shares of Twenty-First Century Fox during the third quarter valued at $289,000. Advisory Services Network LLC bought a new position in shares of Twenty-First Century Fox during the first quarter valued at $106,000. Whittier Trust Co. boosted its position in shares of Twenty-First Century Fox by 22.3% in the first quarter. Whittier Trust Co. now owns 3,821 shares of the company’s stock valued at $124,000 after buying an additional 697 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of Twenty-First Century Fox during the first quarter valued at $134,000. Finally, TrimTabs Asset Management LLC boosted its position in shares of Twenty-First Century Fox by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 4,384 shares of the company’s stock valued at $142,000 after buying an additional 2,064 shares in the last quarter. Institutional investors own 55.07% 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.

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