Twenty-First Century Fox (FOXA) Earns “Buy” Rating from Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Twenty-First Century Fox (NASDAQ:FOXA) in a research report released on Monday morning. Rosenblatt Securities currently has a $40.00 price target on the stock.

A number of other equities analysts have also recently issued reports on the company. B. Riley increased their target price on 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 reissued a market perform rating on shares of Twenty-First Century Fox in a report on Tuesday, September 12th. KeyCorp reissued a buy rating and issued a $35.00 target price on shares of Twenty-First Century Fox in a report on Sunday, September 10th. Royal Bank Of Canada reissued an outperform rating and issued a $34.00 target price (down from $35.00) on shares of Twenty-First Century Fox in a report on Thursday, November 9th. Finally, Credit Suisse Group reissued an outperform rating and issued a $35.00 target price (down from $37.00) on shares of Twenty-First Century Fox in a report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating, six have given 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 a consensus price target of $33.95.

Twenty-First Century Fox (FOXA) opened at $33.21 on Monday. Twenty-First Century Fox has a twelve month low of $24.81 and a twelve month high of $34.48. The company has a quick ratio of 1.73, a current ratio of 2.08 and a debt-to-equity ratio of 1.09. The stock has a market capitalization of $61,300.15, a P/E ratio of 17.23, a PEG ratio of 2.27 and a beta of 1.34.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Mint Tower Capital Management B.V. bought a new position in Twenty-First Century Fox in the 3rd quarter valued at $110,000. Rockefeller Financial Services Inc. bought a new position in Twenty-First Century Fox in the 3rd quarter valued at $113,000. State of Alaska Department of Revenue boosted its position in 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 buying an additional 200 shares during the last quarter. Zions Bancorporation boosted its position in Twenty-First Century Fox by 86.4% in the 3rd quarter. Zions Bancorporation now owns 4,911 shares of the company’s stock valued at $130,000 after buying an additional 2,276 shares during the last quarter. Finally, Global X Management Co. LLC boosted its position in 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 buying an additional 451 shares during the last quarter. 54.50% of the stock is owned by hedge funds and other institutional investors.

WARNING: This piece was posted by Community Financial News and is the property of of Community Financial News. If you are reading this piece on another website, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece can be read at https://www.com-unik.info/2017/12/07/twenty-first-century-fox-foxa-earns-buy-rating-from-rosenblatt-securities.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.

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