Twenty-First Century Fox (FOXA) Raised to Buy at B. Riley

B. Riley upgraded shares of Twenty-First Century Fox (NASDAQ:FOXA) from a neutral rating to a buy rating in a report issued on Tuesday morning, MarketBeat reports. B. Riley currently has $46.00 target price on the stock, up from their previous target price of $38.00. B. Riley also issued estimates for Twenty-First Century Fox’s FY2018 earnings at $2.04 EPS.

Several other research firms have also recently issued reports on FOXA. Wells Fargo & Co raised Twenty-First Century Fox to a market weight rating in a research note on Thursday, January 4th. Pivotal Research cut Twenty-First Century Fox from a buy rating to a hold rating and raised their target price for the stock from $37.00 to $38.00 in a research note on Tuesday, January 9th. Royal Bank of Canada raised their target price on Twenty-First Century Fox to $43.00 and gave the stock an outperform rating in a research note on Wednesday, January 3rd. They noted that the move was a valuation call. Cowen reissued a hold rating and set a $37.00 target price on shares of Twenty-First Century Fox in a research note on Friday, December 22nd. Finally, Jefferies Group raised their target price on Twenty-First Century Fox from $30.00 to $43.00 and gave the stock a buy rating in a research note on Friday, December 22nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have assigned a buy rating to the stock. Twenty-First Century Fox has an average rating of Buy and an average price target of $36.36.

Twenty-First Century Fox (NASDAQ FOXA) traded up $0.47 during trading hours on Tuesday, hitting $36.65. The company had a trading volume of 18,037,113 shares, compared to its average volume of 14,480,000. Twenty-First Century Fox has a 12-month low of $24.81 and a 12-month high of $37.13. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.73 and a current ratio of 2.08. The firm has a market capitalization of $68,460.00, a PE ratio of 22.62, a PEG ratio of 2.05 and a beta of 1.44.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.49 EPS for the quarter, beating the 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 firm had revenue of $7 billion during the quarter, compared to analysts’ expectations of $6.80 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. sell-side analysts forecast that Twenty-First Century Fox will post 2 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC boosted its holdings in Twenty-First Century Fox by 1.2% in the second quarter. Sterling Capital Management LLC now owns 8,494 shares of the company’s stock valued at $241,000 after purchasing an additional 99 shares during the period. Nordea Investment Management AB boosted its holdings in Twenty-First Century Fox by 0.5% in the second quarter. Nordea Investment Management AB now owns 55,238 shares of the company’s stock valued at $1,565,000 after purchasing an additional 282 shares during the period. First Allied Advisory Services Inc. boosted its holdings in Twenty-First Century Fox by 2.6% in the second quarter. First Allied Advisory Services Inc. now owns 14,781 shares of the company’s stock valued at $425,000 after purchasing an additional 375 shares during the period. MML Investors Services LLC boosted its holdings in Twenty-First Century Fox by 8.2% in the second quarter. MML Investors Services LLC now owns 10,167 shares of the company’s stock valued at $288,000 after purchasing an additional 767 shares during the period. Finally, Eaton Vance Management boosted its holdings in Twenty-First Century Fox by 1.0% in the second quarter. Eaton Vance Management now owns 85,526 shares of the company’s stock valued at $2,424,000 after purchasing an additional 805 shares during the period. Hedge funds and other institutional investors own 54.44% of the company’s stock.

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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.

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

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