Twenty-First Century Fox (FOXA) Earns Outperform Rating from Royal Bank Of Canada

Royal Bank Of Canada reissued their outperform rating on shares of Twenty-First Century Fox (NASDAQ:FOXA) in a report published on Thursday, November 9th, Marketbeat.com reports. Royal Bank Of Canada currently has a $34.00 target price on the stock, down from their prior target price of $35.00.

Several other analysts also recently weighed in on FOXA. Cowen reissued a market perform rating and issued a $32.00 price target (down from $33.00) on shares of Twenty-First Century Fox in a research note on Thursday, August 10th. B. Riley reissued a neutral rating on shares of Twenty-First Century Fox in a research note on Wednesday, November 1st. Piper Jaffray Companies assumed coverage on shares of Twenty-First Century Fox in a research note on Friday, August 11th. They issued an overweight rating and a $35.00 price target for the company. Jefferies Group restated a buy rating and issued a $35.00 price objective on shares of Twenty-First Century Fox in a research report on Tuesday, September 26th. Finally, Guggenheim reiterated a buy rating and set a $35.00 price target on shares of Twenty-First Century Fox in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $33.60.

Twenty-First Century Fox (NASDAQ FOXA) opened at $30.86 on Thursday. Twenty-First Century Fox has a fifty-two week low of $24.81 and a fifty-two week high of $32.60. 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 cap of $56,446.53, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 2.09 and a beta of 1.26.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.80 billion. Twenty-First Century Fox had a net margin of 10.30% and a return on equity of 21.41%. The firm’s revenue was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. equities research analysts anticipate that Twenty-First Century Fox will post 1.98 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. Capital Research Global Investors lifted its stake in 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. Independent Franchise Partners LLP lifted its stake in Twenty-First Century Fox by 19.6% during the 2nd quarter. Independent Franchise Partners LLP now owns 26,355,484 shares of the company’s stock valued at $746,914,000 after acquiring an additional 4,315,548 shares during the period. Northern Trust Corp lifted its stake in 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. Boston Partners lifted its stake in Twenty-First Century Fox by 19.4% during the 2nd quarter. Boston Partners now owns 15,926,008 shares of the company’s stock valued at $451,343,000 after acquiring an additional 2,592,039 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Twenty-First Century Fox by 8.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 26,630,790 shares of the company’s stock valued at $754,718,000 after acquiring an additional 2,140,568 shares during the period. Institutional investors own 54.52% of the company’s stock.

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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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