Twenty-First Century Fox (FOXA) PT Raised to $36.00

Twenty-First Century Fox (NASDAQ:FOXA) had its price target upped by analysts at B. Riley from $29.00 to $36.00 in a research note issued to investors on Friday, November 17th, Marketbeat Ratings reports. The brokerage presently has a “neutral” rating on the stock. B. Riley’s price objective would suggest a potential upside of 8.79% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Guggenheim reissued a “buy” rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a report on Tuesday, October 10th. Credit Suisse Group restated a “buy” rating on shares of Twenty-First Century Fox in a research note on Thursday, August 3rd. Jefferies Group restated a “buy” rating and set a $35.00 target price on shares of Twenty-First Century Fox in a research note on Saturday, July 22nd. Piper Jaffray Companies restated a “buy” rating on shares of Twenty-First Century Fox in a research note on Tuesday, September 26th. Finally, KeyCorp reiterated a “buy” rating and set a $35.00 price objective on shares of Twenty-First Century Fox in a research report on Sunday, September 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the company’s stock. Twenty-First Century Fox currently has a consensus rating of “Buy” and a consensus price target of $33.60.

Shares of Twenty-First Century Fox (FOXA) traded up $0.90 during trading on Friday, hitting $33.09. 15,878,458 shares of the company traded hands, compared to its average volume of 8,766,666. Twenty-First Century Fox has a 52 week low of $24.81 and a 52 week high of $34.02. The company has a market cap of $59,632.87, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 2.21 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 Thomson Reuters’ 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%. Twenty-First Century Fox’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.51 EPS. equities analysts anticipate that Twenty-First Century Fox will post 1.98 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Verition Fund Management LLC acquired a new stake in shares of Twenty-First Century Fox during the 2nd quarter worth about $365,000. Candriam Luxembourg S.C.A. increased its holdings in shares of Twenty-First Century Fox by 76.8% in the third quarter. Candriam Luxembourg S.C.A. now owns 261,190 shares of the company’s stock valued at $6,890,000 after purchasing an additional 113,484 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of 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 purchasing an additional 2,140,568 shares during the period. Financial Counselors Inc. increased its holdings in shares of Twenty-First Century Fox by 80.0% in the second quarter. Financial Counselors Inc. now owns 304,272 shares of the company’s stock valued at $8,623,000 after purchasing an additional 135,241 shares during the period. Finally, Vivaldi Asset Management LLC increased its holdings in shares of Twenty-First Century Fox by 656.5% in the second quarter. Vivaldi Asset Management LLC now owns 290,500 shares of the company’s stock valued at $8,233,000 after purchasing an additional 252,100 shares during the period. Institutional investors and hedge funds own 54.50% 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.

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

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