Twenty-First Century Fox’s (FOXA) “Outperform” Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) in a research report sent to investors on Thursday morning, MarketBeat reports. The brokerage currently has a $34.00 target price on the stock, down from their previous target price of $35.00.

A number of other analysts also recently issued reports on FOXA. Cowen and Company reissued a market perform rating and set a $32.00 target price (down previously from $33.00) on shares of Twenty-First Century Fox in a research report on Thursday, August 10th. B. Riley reissued a neutral rating on shares of Twenty-First Century Fox in a research report on Wednesday, November 1st. Piper Jaffray Companies set a $35.00 price target on Twenty-First Century Fox and gave the stock a buy rating in a report on Wednesday, November 1st. 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 Tuesday, September 26th. Finally, Zacks Investment Research cut Twenty-First Century Fox from a hold rating to a sell rating in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $33.40.

Twenty-First Century Fox (NASDAQ FOXA) traded up $0.14 on Thursday, reaching $28.84. 14,782,600 shares of the company were exchanged, compared to its average volume of 9,692,846. The firm has a market cap of $53,384.46, a P/E ratio of 15.02, a PEG ratio of 1.95 and a beta of 1.26. Twenty-First Century Fox has a 12-month low of $24.81 and a 12-month high of $32.60. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.82 and a current ratio of 2.08.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.01. The firm 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 company’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. analysts expect that Twenty-First Century Fox will post 1.98 EPS for the current year.

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Several hedge funds have recently bought and sold shares of the stock. Zeke Capital Advisors LLC acquired a new stake in shares of Twenty-First Century Fox during the 3rd quarter valued at approximately $914,000. Amalgamated Bank raised its position in shares of Twenty-First Century Fox by 2.0% during the 3rd quarter. Amalgamated Bank now owns 120,170 shares of the company’s stock valued at $3,170,000 after acquiring an additional 2,374 shares in the last quarter. Cadence Capital Management LLC acquired a new stake in shares of Twenty-First Century Fox during the 3rd quarter valued at approximately $1,013,000. Achmea Investment Management B.V. raised its position in shares of Twenty-First Century Fox by 10.2% during the 3rd quarter. Achmea Investment Management B.V. now owns 74,262 shares of the company’s stock valued at $1,958,000 after acquiring an additional 6,883 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Twenty-First Century Fox by 1.6% during the 3rd quarter. Legal & General Group Plc now owns 5,254,661 shares of the company’s stock valued at $138,621,000 after acquiring an additional 84,586 shares in the last quarter. 53.56% of the stock is currently owned by institutional investors and hedge funds.

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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