Twenty-First Century Fox (FOXA) Stock Rating Lowered by Loop Capital

Twenty-First Century Fox (NASDAQ:FOXA) was downgraded by research analysts at Loop Capital from a “hold” rating to a “sell” rating in a research note issued on Thursday. They presently have a $31.00 target price on the stock. Loop Capital’s price target points to a potential downside of 12.03% from the company’s current price.

FOXA has been the topic of a number of other research reports. ValuEngine cut shares of Twenty-First Century Fox from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. KeyCorp reaffirmed a “buy” rating and set a $35.00 target price on shares of Twenty-First Century Fox in a research note on Sunday, September 10th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Twenty-First Century Fox in a research note on Tuesday, September 12th. Jefferies Group reissued a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research note on Tuesday, September 26th. Finally, Piper Jaffray Companies reissued a “buy” rating on shares of Twenty-First Century Fox in a research note on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fifteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $34.94.

Twenty-First Century Fox (FOXA) opened at $35.24 on Thursday. Twenty-First Century Fox has a 1 year low of $24.81 and a 1 year high of $35.86. The company has a market cap of $65,042.26, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 2.12 and a beta of 1.34. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.73 and a current ratio of 2.08.

Twenty-First Century Fox (NASDAQ:FOXA) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.49 EPS for the quarter, beating the 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 business had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.80 billion. During the same period in the previous year, the business earned $0.51 earnings per share. The company’s revenue was up 7.6% on a year-over-year basis. equities research analysts anticipate that Twenty-First Century Fox will post 1.98 EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Sterling Capital Management LLC increased its stake in Twenty-First Century Fox by 1.2% in the 2nd quarter. Sterling Capital Management LLC now owns 8,494 shares of the company’s stock valued at $241,000 after buying an additional 99 shares during the last quarter. Nordea Investment Management AB grew 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 valued at $1,565,000 after acquiring an additional 282 shares during the period. First Allied Advisory Services Inc. grew 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 valued at $425,000 after acquiring an additional 375 shares during the period. Dorsey & Whitney Trust CO LLC grew 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 valued at $448,000 after acquiring an additional 398 shares during the period. Finally, Global X Management Co. LLC grew its position in shares of Twenty-First Century Fox by 9.7% during the 2nd quarter. Global X Management Co. LLC now owns 5,108 shares of the company’s stock valued at $145,000 after acquiring an additional 451 shares during the period. Hedge funds and other institutional investors own 54.37% of the company’s stock.

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Twenty-First Century Fox Company Profile

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)

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