Twenty-First Century Fox’s (FOXA) “Hold” Rating Reaffirmed at Cowen

Cowen restated their hold rating on shares of Twenty-First Century Fox (NASDAQ:FOXA) in a research note published on Friday morning. They currently have a $39.00 price objective on the stock.

Several other research firms also recently commented on FOXA. Piper Jaffray Companies reiterated a buy rating on shares of Twenty-First Century Fox in a research note on Tuesday, September 26th. Pivotal Research lifted their price objective on shares of Twenty-First Century Fox from $35.00 to $37.00 and gave the stock a buy rating in a research note on Thursday, December 14th. Sanford C. Bernstein reiterated a market perform rating on shares of Twenty-First Century Fox in a research note on Tuesday, September 12th. Loop Capital downgraded shares of Twenty-First Century Fox from a hold rating to a sell rating and set a $31.00 price objective for the company. in a research note on Thursday, December 21st. Finally, Credit Suisse Group reiterated an outperform rating and set a $35.00 price objective (down from $37.00) on shares of Twenty-First Century Fox in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $35.31.

Twenty-First Century Fox (NASDAQ FOXA) traded up $0.05 during trading hours on Friday, hitting $34.53. 8,116,159 shares of the stock traded hands, compared to its average volume of 16,695,856. Twenty-First Century Fox has a 1-year low of $24.81 and a 1-year high of $35.86. 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 firm has a market capitalization of $63,875.16, a P/E ratio of 21.45, a P/E/G ratio of 2.08 and a beta of 1.34.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.49 EPS for the quarter, topping 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 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 firm posted $0.51 earnings per share. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. research analysts forecast that Twenty-First Century Fox will post 1.98 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of FOXA. Beach Investment Management LLC. purchased a new position in Twenty-First Century Fox in the second quarter valued at $479,000. Pacad Investment Ltd. increased its holdings in Twenty-First Century Fox by 269.2% in the second quarter. Pacad Investment Ltd. now owns 55,749 shares of the company’s stock valued at $1,580,000 after buying an additional 40,649 shares in the last quarter. Swiss National Bank increased its holdings in Twenty-First Century Fox by 2.6% in the second quarter. Swiss National Bank now owns 3,842,499 shares of the company’s stock valued at $108,896,000 after buying an additional 97,900 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its holdings in Twenty-First Century Fox by 109.3% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 147,643 shares of the company’s stock valued at $4,184,000 after buying an additional 77,100 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Twenty-First Century Fox by 8.7% in the second quarter. JPMorgan Chase & Co. now owns 26,630,790 shares of the company’s stock valued at $754,718,000 after buying an additional 2,140,568 shares in the last quarter. Institutional investors own 54.41% of the company’s stock.

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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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