Twenty-First Century Fox (FOXA) Upgraded by B. Riley to “Buy”

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.

Twenty-First Century Fox (NASDAQ:FOXA) last released its earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $7 billion during the quarter, compared to analyst estimates of $6.80 billion. Twenty-First Century Fox had a return on equity of 21.41% and a net margin of 10.30%. Twenty-First Century Fox’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.51 earnings per share. equities research analysts anticipate that Twenty-First Century Fox will post 1.99 earnings per share for the current year.

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.

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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.

Analyst Recommendations for Twenty-First Century Fox (NASDAQ:FOXA)

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