Twenty-First Century Fox, Inc. (FOXA) Given “Market Perform” Rating at Sanford C. Bernstein

Twenty-First Century Fox, Inc. (NASDAQ:FOXA)‘s stock had its “market perform” rating restated by analysts at Sanford C. Bernstein in a research note issued to investors on Tuesday.

Several other research firms have also recently issued reports on FOXA. Royal Bank Of Canada set a $33.00 target price on shares of Twenty-First Century Fox and gave the stock a “buy” rating in a research report on Monday, June 12th. Credit Suisse Group restated a “buy” rating on shares of Twenty-First Century Fox in a report on Thursday, August 3rd. ValuEngine upgraded shares of Twenty-First Century Fox from a “hold” rating to a “buy” rating in a report on Thursday, July 6th. Morgan Stanley restated an “overweight” rating on shares of Twenty-First Century Fox in a report on Thursday, July 6th. Finally, Cowen and Company restated a “hold” rating and issued a $33.00 price target on shares of Twenty-First Century Fox in a report on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $33.43.

Twenty-First Century Fox (NASDAQ:FOXA) traded down 0.174% during midday trading on Tuesday, hitting $25.835. 4,742,292 shares of the stock were exchanged. The firm has a 50 day moving average of $27.76 and a 200-day moving average of $28.84. The stock has a market cap of $47.82 billion, a price-to-earnings ratio of 16.289 and a beta of 1.28. Twenty-First Century Fox has a 12-month low of $23.33 and a 12-month high of $32.60.

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, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Twenty-First Century Fox had a net margin of 10.36% and a return on equity of 22.46%. The business had revenue of $6.75 billion for the quarter, compared to analysts’ expectations of $6.79 billion. During the same period last year, the company earned $0.45 earnings per share. The company’s quarterly revenue was up 1.5% on a year-over-year basis. On average, equities analysts expect that Twenty-First Century Fox will post $2.04 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This story was originally posted by Stock Observer and is the sole property of of Stock Observer. If you are accessing this story on another publication, it was illegally stolen and republished in violation of U.S. and international copyright legislation. The correct version of this story can be read at https://www.thestockobserver.com/2017/09/12/twenty-first-century-fox-inc-foxa-given-market-perform-rating-at-sanford-c-bernstein.html.

A number of institutional investors have recently added to or reduced their stakes in FOXA. Capital Research Global Investors boosted its holdings in shares of Twenty-First Century Fox by 20.2% during the second 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. Vanguard Group Inc. boosted its holdings in shares of Twenty-First Century Fox by 0.4% during the second quarter. Vanguard Group Inc. now owns 67,589,972 shares of the company’s stock valued at $1,915,500,000 after acquiring an additional 287,817 shares during the period. BlackRock Inc. boosted its holdings in shares of Twenty-First Century Fox by 2.5% during the second quarter. BlackRock Inc. now owns 59,202,463 shares of the company’s stock valued at $1,677,798,000 after acquiring an additional 1,432,981 shares during the period. State Street Corp boosted its holdings in shares of Twenty-First Century Fox by 2.6% during the first quarter. State Street Corp now owns 45,901,829 shares of the company’s stock valued at $1,486,981,000 after acquiring an additional 1,152,570 shares during the period. Finally, Wellington Management Group LLP boosted its holdings in shares of Twenty-First Century Fox by 4.4% during the first quarter. Wellington Management Group LLP now owns 34,076,667 shares of the company’s stock valued at $1,103,742,000 after acquiring an additional 1,437,559 shares during the period. 53.33% of the stock is owned by hedge funds and other institutional investors.

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)

Receive News & Ratings for Twenty-First Century Fox Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twenty-First Century Fox Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply