Twenty-First Century Fox, Inc. (FOXA) Given “Outperform” Rating at Credit Suisse Group

Twenty-First Century Fox, Inc. (NASDAQ:FOXA)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse Group in a research report issued to clients and investors on Thursday. They currently have a $35.00 target price on the stock, down from their prior target price of $37.00. Credit Suisse Group’s price objective points to a potential upside of 34.05% from the stock’s previous close.

FOXA has been the topic of a number of other research reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $35.00 target price on shares of Twenty-First Century Fox in a research report on Tuesday, September 26th. Piper Jaffray Companies began coverage on Twenty-First Century Fox in a research report on Friday, August 11th. They issued an “overweight” rating and a $35.00 target price on the stock. KeyCorp reaffirmed a “buy” rating and issued a $35.00 target price on shares of Twenty-First Century Fox in a research report on Sunday, September 10th. BMO Capital Markets set a $36.00 target price on Twenty-First Century Fox and gave the company a “buy” rating in a research report on Friday, June 16th. Finally, Zacks Investment Research cut Twenty-First Century Fox from a “hold” rating to a “strong sell” rating in a report on Tuesday. One analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $33.35.

Shares of Twenty-First Century Fox (FOXA) opened at 26.11 on Thursday. Twenty-First Century Fox has a 1-year low of $24.22 and a 1-year high of $32.60. The company has a market cap of $48.33 billion, a P/E ratio of 16.46 and a beta of 1.26. The stock’s 50 day moving average price is $26.77 and its 200 day moving average price is $28.22.

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

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Several large investors have recently made changes to their positions in the company. Sterling Capital Management LLC increased its holdings in shares of Twenty-First Century Fox by 1.2% during the second quarter. Sterling Capital Management LLC now owns 8,494 shares of the company’s stock worth $241,000 after buying an additional 99 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Twenty-First Century Fox by 4.8% during the second 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 in the last quarter. Midwest Investment Management LLC increased its holdings in shares of Twenty-First Century Fox by 0.3% during the second quarter. Midwest Investment Management LLC now owns 65,566 shares of the company’s stock worth $1,858,000 after buying an additional 200 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Twenty-First Century Fox by 0.5% during the second quarter. Nordea Investment Management AB now owns 55,238 shares of the company’s stock worth $1,565,000 after buying an additional 282 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Twenty-First Century Fox by 6.2% during the first quarter. Fifth Third Bancorp now owns 4,959 shares of the company’s stock worth $161,000 after buying an additional 291 shares in the last quarter. Institutional investors own 53.34% of the company’s stock.

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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