Twenty-First Century Fox Receives Consensus Rating of “Buy” from Analysts (NASDAQ:FOXA)

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Twenty-First Century Fox (NASDAQ:FOXA) has been assigned a consensus recommendation of “Buy” from the twenty-four analysts that are covering the company, MarketBeat reports. Eleven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $36.71.

FOXA has been the subject of several research analyst reports. CLSA dropped their price target on Twenty-First Century Fox from $40.00 to $36.50 in a research report on Thursday, August 6th. Deutsche Bank reaffirmed a “buy” rating and set a $40.00 price objective (down previously from $42.00) on shares of Twenty-First Century Fox in a research note on Tuesday, May 12th. Nomura reissued a “buy” rating and issued a $38.00 price target on shares of Twenty-First Century Fox in a research note on Tuesday, May 12th. Needham & Company LLC set a $36.00 price objective on Twenty-First Century Fox and gave the stock a “buy” rating in a report on Thursday, May 7th. Finally, Jefferies Group dropped their target price on Twenty-First Century Fox from $40.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, August 6th.

Shares of Twenty-First Century Fox (NASDAQ:FOXA) opened at 26.99 on Tuesday. The company has a 50-day moving average of $31.40 and a 200 day moving average of $33.24. Twenty-First Century Fox has a one year low of $22.81 and a one year high of $39.27. The stock has a market capitalization of $54.51 billion and a price-to-earnings ratio of 6.92.

Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters consensus estimate of $0.37 by $0.02. The business earned $6.72 billion during the quarter, compared to analysts’ expectations of $6.41 billion. The company’s revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.42 EPS. Equities research analysts forecast that Twenty-First Century Fox will post $1.81 earnings per share for the current fiscal year.

Twenty-First Century Fox, Inc. is a worldwide media and entertainment company. The Cable Network Programming segment of the Company includes licensing and the creation of programming distributed mostly through direct broadcast satellite operators, cable television systems, telecommunication businesses and online video vendors. The Television segment is made from the broadcasting of network programming in America and also the operation of 28 full power broadcast television stations, including 10 duopolies, in the United States. The Filmed Entertainment segment consists of acquisition and the creation of live action and animated motion pictures for distribution and licensing in all formats in all entertainment media worldwide, and also the production and licensing of television programming globally. The Direct Broadcast Satellite Television includes the distribution of programming services via satellite, cable, and broadband right to subscribers in Germany, Italy and Austria.

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