Twenty-First Century Fox (FOXA) Price Target Raised to $43.00

Twenty-First Century Fox (NASDAQ:FOXA) had its target price hoisted by Royal Bank of Canada to $43.00 in a research report released on Wednesday morning, The Fly reports. They currently have an outperform rating on the stock. The analysts noted that the move was a valuation call.

FOXA has been the topic of a number of other reports. Credit Suisse Group reissued an outperform rating and issued a $35.00 price target (down from $37.00) on shares of Twenty-First Century Fox in a report on Thursday, October 12th. Piper Jaffray Companies set a $40.00 price target on shares of Twenty-First Century Fox and gave the stock a buy rating in a report on Saturday, December 16th. KeyCorp reissued a buy rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a report on Sunday, November 19th. Rosenblatt Securities reissued a buy rating and issued a $40.00 price target on shares of Twenty-First Century Fox in a report on Monday, December 4th. Finally, Cowen reissued a hold rating and issued a $37.00 price target on shares of Twenty-First Century Fox in a report on Friday, December 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. Twenty-First Century Fox presently has an average rating of Buy and an average price target of $35.79.

Twenty-First Century Fox (NASDAQ FOXA) opened at $36.75 on Wednesday. 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 cap of $68,210.08, a PE ratio of 22.83, a P/E/G ratio of 2.22 and a beta of 1.34. Twenty-First Century Fox has a fifty-two week low of $24.81 and a fifty-two week high of $36.96.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. The company had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.80 billion. Twenty-First Century Fox had a net margin of 10.30% and a return on equity of 21.41%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.51 EPS. analysts predict that Twenty-First Century Fox will post 1.98 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the company. Mint Tower Capital Management B.V. bought a new stake in shares of Twenty-First Century Fox during the third quarter valued at about $110,000. Rockefeller Financial Services Inc. bought a new stake in shares of Twenty-First Century Fox during the third quarter valued at about $113,000. Zions Bancorporation increased its position in shares of Twenty-First Century Fox by 86.4% during the third 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 period. Tiedemann Wealth Management LLC bought a new stake in shares of Twenty-First Century Fox during the third quarter valued at about $148,000. Finally, Stelac Advisory Services LLC bought a new stake in shares of Twenty-First Century Fox during the third quarter valued at about $150,000. Hedge funds and other 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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