Twenty-First Century Fox, Inc. (FOXA) Given Average Recommendation of “Buy” by Analysts

Shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) have earned a consensus rating of “Buy” from the twenty-six ratings firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $33.64.

FOXA has been the topic of several research analyst reports. Zacks Investment Research lowered Twenty-First Century Fox from a “hold” rating to a “sell” rating in a research note on Tuesday, July 11th. Piper Jaffray Companies restated a “buy” rating on shares of Twenty-First Century Fox in a research note on Tuesday, September 26th. Sanford C. Bernstein restated a “market perform” rating on shares of Twenty-First Century Fox in a research note on Tuesday, September 12th. ValuEngine upgraded Twenty-First Century Fox from a “hold” rating to a “buy” rating in a research note on Thursday, July 6th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $35.00 price objective (down previously from $37.00) on shares of Twenty-First Century Fox in a research note on Thursday, October 12th.

WARNING: “Twenty-First Century Fox, Inc. (FOXA) Given Average Recommendation of “Buy” by Analysts” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.com-unik.info/2017/10/29/twenty-first-century-fox-inc-foxa-given-average-recommendation-of-buy-by-analysts.html.

Shares of Twenty-First Century Fox (NASDAQ FOXA) traded up 0.38% on Friday, reaching $26.41. The company’s stock had a trading volume of 8,691,272 shares. The company’s 50 day moving average is $26.66 and its 200-day moving average is $27.80. Twenty-First Century Fox has a 1-year low of $25.14 and a 1-year high of $32.60. The firm has a market cap of $48.89 billion, a price-to-earnings ratio of 16.65 and a beta of 1.26.

Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $6.75 billion for the quarter, compared to analyst estimates of $6.79 billion. Twenty-First Century Fox had a return on equity of 22.46% and a net margin of 10.36%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.45 earnings per share. Equities research analysts expect that Twenty-First Century Fox will post $2.02 EPS for the current year.

The business also recently disclosed a semiannual dividend, which was paid on Wednesday, October 18th. Shareholders of record on Wednesday, September 13th were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, September 12th. This represents a yield of 1.29%. Twenty-First Century Fox’s dividend payout ratio (DPR) is presently 22.64%.

Hedge funds have recently modified their holdings of the business. Grove Bank & Trust boosted its holdings in shares of Twenty-First Century Fox by 1,328.3% in the 2nd quarter. Grove Bank & Trust now owns 3,785 shares of the company’s stock valued at $107,000 after purchasing an additional 3,520 shares in the last quarter. Rockefeller Financial Services Inc. acquired a new stake in shares of Twenty-First Century Fox in the 3rd quarter valued at $113,000. State of Alaska Department of Revenue boosted its holdings in shares of Twenty-First Century Fox by 4.8% in the 2nd 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 in the last quarter. Global X Management Co. LLC boosted its holdings in shares of Twenty-First Century Fox by 9.7% in the 2nd quarter. Global X Management Co. LLC now owns 5,108 shares of the company’s stock valued at $145,000 after purchasing an additional 451 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Twenty-First Century Fox by 76.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 5,409 shares of the company’s stock valued at $153,000 after purchasing an additional 2,336 shares in the last quarter. 53.31% of the stock is currently owned by hedge funds and other institutional investors.

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)

What are top analysts saying about Twenty-First Century Fox Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Twenty-First Century Fox Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit