Moffett Nathanson Initiates Coverage on Twenty-First Century Fox (FOXA)

Equities researchers at Moffett Nathanson assumed coverage on shares of Twenty-First Century Fox (NASDAQ:FOXA) in a note issued to investors on Friday. The firm set a “buy” rating and a $51.00 price target on the stock. Moffett Nathanson’s target price suggests a potential downside of 1.72% from the company’s current price.

FOXA has been the topic of several other reports. UBS Group increased their price target on Twenty-First Century Fox to $52.00 and gave the stock a “neutral” rating in a report on Wednesday. Buckingham Research increased their price target on Twenty-First Century Fox from $52.00 to $54.00 and gave the stock a “buy” rating in a report on Monday, February 25th. Vertical Group upgraded Twenty-First Century Fox from a “hold” rating to a “buy” rating in a report on Monday, February 4th. Zacks Investment Research upgraded Twenty-First Century Fox from a “hold” rating to a “buy” rating and set a $55.00 price target on the stock in a report on Friday, January 25th. Finally, Societe Generale downgraded Twenty-First Century Fox from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. Twenty-First Century Fox presently has a consensus rating of “Buy” and an average target price of $51.00.

FOXA stock traded up $0.19 during midday trading on Friday, reaching $51.89. 77,493 shares of the company traded hands, compared to its average volume of 11,151,232. Twenty-First Century Fox has a 52-week low of $35.40 and a 52-week high of $51.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 4.29 and a quick ratio of 3.79. The company has a market cap of $94.48 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 2.21 and a beta of 0.97.

Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings data on Wednesday, February 6th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.05. Twenty-First Century Fox had a return on equity of 15.09% and a net margin of 44.71%. The business had revenue of $8.50 billion for the quarter, compared to the consensus estimate of $8.47 billion. During the same period in the prior year, the business posted $0.42 earnings per share. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. Equities research analysts expect that Twenty-First Century Fox will post 1.98 EPS for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FOXA. Robeco Institutional Asset Management B.V. increased its holdings in Twenty-First Century Fox by 56.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 144,650 shares of the company’s stock worth $6,703,000 after purchasing an additional 51,906 shares during the period. Private Advisor Group LLC increased its holdings in Twenty-First Century Fox by 34.3% during the 3rd quarter. Private Advisor Group LLC now owns 8,012 shares of the company’s stock worth $371,000 after purchasing an additional 2,046 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Twenty-First Century Fox by 2.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 176,796 shares of the company’s stock worth $8,191,000 after purchasing an additional 4,140 shares during the period. Prudential Financial Inc. increased its holdings in Twenty-First Century Fox by 43.0% during the 3rd quarter. Prudential Financial Inc. now owns 1,658,864 shares of the company’s stock worth $76,856,000 after purchasing an additional 499,130 shares during the period. Finally, MML Investors Services LLC increased its holdings in Twenty-First Century Fox by 28.7% during the 3rd quarter. MML Investors Services LLC now owns 10,850 shares of the company’s stock worth $503,000 after purchasing an additional 2,420 shares during the period. Institutional investors own 49.79% of the company’s stock.

Twenty-First Century Fox Company Profile

Twenty-First Century Fox, Inc operates as a diversified media and entertainment company primarily in the United States and Canada, Europe, and internationally. It operates through Cable Network Programming, Television, and Filmed Entertainment segments. The company produces and licenses news, business news, sports, general entertainment, factual entertainment, and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunication companies, and online video distributors.

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

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