B. Riley upgraded shares of Twenty-First Century Fox (NASDAQ:FOXA) from a neutral rating to a buy rating in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has $46.00 price target on the stock, up from their prior price target of $38.00.
Several other equities analysts have also issued reports on FOXA. Jefferies Group reaffirmed a buy rating and issued a $35.00 target price on shares of Twenty-First Century Fox in a report on Tuesday, September 26th. Piper Jaffray Companies reaffirmed a buy rating on shares of Twenty-First Century Fox in a report on Tuesday, September 26th. Guggenheim reaffirmed a buy rating and issued a $35.00 target price on shares of Twenty-First Century Fox in a report on Tuesday, October 10th. Royal Bank of Canada upped their target price on Twenty-First Century Fox to $43.00 and gave the company an outperform rating in a report on Wednesday, January 3rd. They noted that the move was a valuation call. Finally, Wells Fargo & Co raised Twenty-First Century Fox to a market weight rating in a report on Thursday, January 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $36.36.
Twenty-First Century Fox (FOXA) traded up $0.82 during mid-day trading on Tuesday, hitting $37.11. The stock had a trading volume of 6,230,058 shares, compared to its average volume of 9,630,182. The company has a market capitalization of $67,250.00, a price-to-earnings ratio of 22.91, a PEG ratio of 2.10 and a beta of 1.44. The company has a current ratio of 2.08, a quick ratio of 1.73 and a debt-to-equity ratio of 1.09. Twenty-First Century Fox has a 52 week low of $24.81 and a 52 week high of $37.13.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Mint Tower Capital Management B.V. purchased a new stake in shares of Twenty-First Century Fox during the third quarter worth $110,000. Rockefeller Financial Services Inc. purchased a new stake in shares of Twenty-First Century Fox during the third quarter worth $113,000. Zions Bancorporation lifted 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 worth $130,000 after acquiring an additional 2,276 shares in the last quarter. Stelac Advisory Services LLC purchased a new stake in shares of Twenty-First Century Fox during the third quarter worth $150,000. Finally, Valeo Financial Advisors LLC purchased a new stake in shares of Twenty-First Century Fox during the third quarter worth $176,000. 54.44% of the stock is owned by institutional investors and hedge funds.
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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