Guggenheim Reiterates “Buy” Rating for Twenty-First Century Fox, Inc. (FOXA)

Twenty-First Century Fox, Inc. (NASDAQ:FOXA)‘s stock had its “buy” rating restated by research analysts at Guggenheim in a research note issued to investors on Tuesday. They currently have a $35.00 price objective on the stock. Guggenheim’s target price would indicate a potential upside of 31.68% from the company’s previous close.

Several other research firms also recently weighed in on FOXA. Zacks Investment Research downgraded Twenty-First Century Fox from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Piper Jaffray Companies restated a “buy” rating on shares of Twenty-First Century Fox in a report on Tuesday, September 26th. ValuEngine upgraded Twenty-First Century Fox from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Sanford C. Bernstein restated a “market perform” rating on shares of Twenty-First Century Fox in a report on Tuesday, September 12th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $35.00 price objective (up from $33.00) on shares of Twenty-First Century Fox in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $33.45.

Twenty-First Century Fox (NASDAQ FOXA) traded up 0.56% during midday trading on Tuesday, reaching $26.73. 5,821,143 shares of the company were exchanged. Twenty-First Century Fox has a 52 week low of $24.22 and a 52 week high of $32.60. The company has a 50-day moving average of $26.83 and a 200 day moving average of $28.27. The firm has a market capitalization of $49.48 billion, a PE ratio of 16.85 and a beta of 1.26.

Twenty-First Century Fox (NASDAQ:FOXA) last released its earnings results on Wednesday, August 9th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. Twenty-First Century Fox had a return on equity of 22.46% and a net margin of 10.36%. The business had revenue of $6.75 billion during the quarter, compared to the consensus estimate of $6.79 billion. During the same period last year, the company earned $0.45 earnings per share. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. Equities analysts predict that Twenty-First Century Fox will post $2.03 earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the company. Grove Bank & Trust raised its stake in shares of Twenty-First Century Fox by 1,328.3% during the 2nd quarter. Grove Bank & Trust now owns 3,785 shares of the company’s stock worth $107,000 after buying an additional 3,520 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Twenty-First Century Fox by 4.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,365 shares of the company’s stock worth $123,000 after buying an additional 200 shares during the period. Global X Management Co. LLC raised its stake in shares of Twenty-First Century Fox by 9.7% during the 2nd quarter. Global X Management Co. LLC now owns 5,108 shares of the company’s stock worth $145,000 after buying an additional 451 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Twenty-First Century Fox by 76.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 5,409 shares of the company’s stock worth $153,000 after buying an additional 2,336 shares during the period. Finally, Fifth Third Bancorp raised its stake in shares of Twenty-First Century Fox by 6.2% during the 1st quarter. Fifth Third Bancorp now owns 4,959 shares of the company’s stock worth $161,000 after buying an additional 291 shares during the period. 53.34% of the stock is 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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