Twenty-First Century Fox, Inc. (FOXA) Rating Reiterated by Royal Bank Of Canada

Twenty-First Century Fox, Inc. (NASDAQ:FOXA)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank Of Canada in a note issued to investors on Thursday. They currently have a $35.00 price target on the stock, up from their previous price target of $33.00. Royal Bank Of Canada’s target price indicates a potential upside of 25.45% from the company’s current price.

A number of other analysts have also recently weighed in on the stock. Rosenblatt Securities upgraded shares of Twenty-First Century Fox from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Thursday, May 11th. Jefferies Group LLC restated a “buy” rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a report on Friday, May 12th. Guggenheim restated a “buy” rating and issued a $35.00 price target (up from $34.00) on shares of Twenty-First Century Fox in a report on Friday, April 14th. BMO Capital Markets set a $36.00 price target on shares of Twenty-First Century Fox and gave the company a “buy” rating in a report on Friday, June 16th. Finally, ValuEngine upgraded shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a report on Thursday, May 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $33.15.

Shares of Twenty-First Century Fox (FOXA) traded up 0.054% on Thursday, reaching $27.915. 10,236,622 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $28.12 and a 200-day moving average price of $29.38. Twenty-First Century Fox has a 12-month low of $23.33 and a 12-month high of $32.60. The company has a market cap of $51.67 billion, a PE ratio of 17.168 and a beta of 1.27.

Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. Twenty-First Century Fox had a net margin of 10.72% and a return on equity of 24.40%. The business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.79 billion. During the same period last year, the business earned $0.45 EPS. The company’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts anticipate that Twenty-First Century Fox will post $2.03 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new position in Twenty-First Century Fox during the first quarter valued at $106,000. Grove Bank & Trust raised its position in Twenty-First Century Fox by 1,328.3% in the second quarter. Grove Bank & Trust now owns 3,785 shares of the company’s stock valued at $107,000 after buying an additional 3,520 shares during the period. Whittier Trust Co. raised its position in Twenty-First Century Fox by 22.3% in the first quarter. Whittier Trust Co. now owns 3,821 shares of the company’s stock valued at $124,000 after buying an additional 697 shares during the period. State of Alaska Department of Revenue purchased a new position in Twenty-First Century Fox during the first quarter valued at $134,000. Finally, TrimTabs Asset Management LLC raised its position in Twenty-First Century Fox by 89.0% in the first quarter. TrimTabs Asset Management LLC now owns 4,384 shares of the company’s stock valued at $142,000 after buying an additional 2,064 shares during the period. 53.96% of the stock is owned by institutional investors.

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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