Pivotal Research lowered shares of Twenty-First Century Fox (NASDAQ:FOXA) from a buy rating to a hold rating in a research note published on Tuesday, January 9th, MarketBeat reports. Pivotal Research currently has $38.00 target price on the stock, up from their prior target price of $37.00.
“We are downgrading both 21 st Century Fox and Discovery at this time, as those companies’ recent gains result in relatively fully-valued stocks. We maintain a Buy on Time Warner, Sell on Disney as well Hold ratings on both of CBS and Viacom. Ahead of 4Q17 earnings, we continue to see weak fundamentals for video-centric media owners. Cord shaving and cord-cutting erodes subscriber bases, constraining affiliate fee revenue growth. Viewing of video content is still expanding, although much of its growth accrues to newer SVOD services and YouTube. Advertising looks relatively worse, as the large brands who dominate it are generally reducing spending on the medium and are not likely to be replaced by enough emerging brands to make up the difference. This paired with marginal shifts into digital media lead to our view that national TV advertising declines going forward.”,” Pivotal Research’s analyst wrote.
Several other analysts have also commented on the stock. Wells Fargo & Co upgraded shares of Twenty-First Century Fox to a market weight rating in a report on Thursday, January 4th. Royal Bank of Canada lifted their target price on shares of 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. Cowen reiterated a hold rating and set a $39.00 target price on shares of Twenty-First Century Fox in a report on Friday, December 29th. Jefferies Group lifted their target price on shares of Twenty-First Century Fox from $30.00 to $43.00 and gave the company a buy rating in a report on Friday, December 22nd. Finally, Loop Capital lowered shares of Twenty-First Century Fox from a hold rating to a sell rating and set a $31.00 target price for the company. in a report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and fourteen have assigned a buy rating to the company. Twenty-First Century Fox has an average rating of Buy and a consensus price target of $36.36.
Twenty-First Century Fox (NASDAQ:FOXA) traded up $0.53 during midday trading on Tuesday, hitting $36.73. The company had a trading volume of 6,824,100 shares, compared to its average volume of 10,283,589. 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 company has a market capitalization of $68,043.35, a PE ratio of 22.81, a PEG ratio of 2.21 and a beta of 1.34. Twenty-First Century Fox has a 12 month low of $24.81 and a 12 month high of $36.96.
Twenty-First Century Fox (NASDAQ:FOXA) last posted its earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Twenty-First Century Fox had a return on equity of 21.41% and a net margin of 10.30%. The company had revenue of $7 billion for the quarter, compared to analysts’ expectations of $6.80 billion. During the same period last year, the firm earned $0.51 earnings per share. Twenty-First Century Fox’s quarterly revenue was up 7.6% on a year-over-year basis. equities analysts anticipate that Twenty-First Century Fox will post 1.99 EPS for the current year.
Large investors have recently bought and sold shares of the business. Capital Research Global Investors grew its position in shares of Twenty-First Century Fox by 20.2% during the 2nd quarter. Capital Research Global Investors now owns 85,581,646 shares of the company’s stock valued at $2,425,384,000 after acquiring an additional 14,398,422 shares during the period. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Twenty-First Century Fox by 8.8% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 37,460,118 shares of the company’s stock valued at $988,198,000 after acquiring an additional 3,018,013 shares during the period. Northern Trust Corp grew its position in shares of Twenty-First Century Fox by 17.4% during the 2nd quarter. Northern Trust Corp now owns 17,652,970 shares of the company’s stock valued at $500,285,000 after acquiring an additional 2,621,748 shares during the period. Independent Franchise Partners LLP grew its position in shares of Twenty-First Century Fox by 7.7% during the 3rd quarter. Independent Franchise Partners LLP now owns 28,394,638 shares of the company’s stock valued at $749,050,000 after acquiring an additional 2,039,154 shares during the period. Finally, Investec Asset Management LTD lifted its stake in shares of Twenty-First Century Fox by 30.9% during the 3rd quarter. Investec Asset Management LTD now owns 6,256,717 shares of the company’s stock valued at $165,052,000 after buying an additional 1,476,826 shares in the last quarter. 54.44% of the stock is owned by institutional investors and hedge funds.
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Twenty-First Century Fox Company Profile
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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