Twenty-First Century Fox (FOXA) Earns Outperform Rating from Analysts at Wolfe Research

Equities researchers at Wolfe Research initiated coverage on shares of Twenty-First Century Fox (NASDAQ:FOXA) in a research report issued on Friday, The Fly reports. The brokerage set an “outperform” rating on the stock.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Twenty-First Century Fox from a “sell” rating to a “hold” rating in a research note on Wednesday, November 28th. Gabelli restated a “buy” rating on shares of Twenty-First Century Fox in a research note on Tuesday, November 27th. Morgan Stanley boosted their target price on shares of Twenty-First Century Fox from $53.00 to $54.00 and gave the company an “overweight” rating in a research note on Thursday, November 8th. Pivotal Research restated a “hold” rating and issued a $45.00 target price on shares of Twenty-First Century Fox in a research note on Thursday, November 8th. Finally, Evercore ISI assumed coverage on shares of Twenty-First Century Fox in a research note on Monday, November 5th. They issued an “outperform” rating and a $52.00 target price on the stock. Nine equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Twenty-First Century Fox presently has an average rating of “Buy” and a consensus price target of $47.20.

Shares of NASDAQ:FOXA traded down $0.24 on Friday, hitting $49.26. The stock had a trading volume of 364,379 shares, compared to its average volume of 11,917,462. Twenty-First Century Fox has a twelve month low of $32.35 and a twelve month high of $50.15. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.96 and a current ratio of 2.45. The company has a market capitalization of $91.00 billion, a PE ratio of 25.02, a P/E/G ratio of 2.64 and a beta of 1.25.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its earnings results on Wednesday, November 7th. The company reported $0.52 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. Twenty-First Century Fox had a net margin of 16.01% and a return on equity of 18.01%. The company had revenue of $7.18 billion for the quarter, compared to the consensus estimate of $7.23 billion. During the same quarter in the previous year, the company earned $0.49 EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts forecast that Twenty-First Century Fox will post 1.99 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Marshall Wace North America L.P. acquired a new position in Twenty-First Century Fox during the 3rd quarter valued at about $14,246,000. Marshall Wace LLP lifted its position in Twenty-First Century Fox by 85.5% during the 3rd quarter. Marshall Wace LLP now owns 253,723 shares of the company’s stock valued at $11,755,000 after purchasing an additional 116,926 shares during the period. Vanguard Group Inc. lifted its position in Twenty-First Century Fox by 47.2% during the 3rd quarter. Vanguard Group Inc. now owns 106,152,247 shares of the company’s stock valued at $4,901,046,000 after purchasing an additional 34,038,507 shares during the period. Legal & General Group Plc lifted its position in Twenty-First Century Fox by 0.6% during the 3rd quarter. Legal & General Group Plc now owns 4,601,571 shares of the company’s stock valued at $213,174,000 after purchasing an additional 26,826 shares during the period. Finally, Standard Life Aberdeen plc lifted its position in Twenty-First Century Fox by 17.5% during the 3rd quarter. Standard Life Aberdeen plc now owns 839,264 shares of the company’s stock valued at $38,887,000 after purchasing an additional 125,065 shares during the period. Institutional investors and hedge funds own 52.93% of the company’s stock.

Twenty-First Century Fox Company Profile

Twenty-First Century Fox, Inc operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. It operates through Cable Network Programming, Television, and Filmed Entertainment segments. The company produces and licenses news, business news, sports, general entertainment, factual entertainment, and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunication companies, and online video distributors.

Read More: How Do You Calculate Return on Investment (ROI)?

The Fly

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

Receive News & Ratings for Twenty-First Century Fox Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twenty-First Century Fox and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply