KeyCorp Reaffirms “Buy” Rating for Twenty-First Century Fox (NASDAQ:FOXA)

Twenty-First Century Fox (NASDAQ:FOXA)‘s stock had its “buy” rating reiterated by equities research analysts at KeyCorp in a report issued on Sunday, November 19th. They presently have a $35.00 target price on the stock. KeyCorp’s price target would indicate a potential upside of 6.09% from the company’s current price.

Several other analysts have also issued reports on the company. B. Riley upped their target price on Twenty-First Century Fox from $29.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, November 17th. Credit Suisse Group reiterated a “buy” rating on shares of Twenty-First Century Fox in a research note on Thursday, August 3rd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $34.00 target price (down previously from $35.00) on shares of Twenty-First Century Fox in a report on Thursday, November 9th. Cowen reissued a “market perform” rating and issued a $32.00 price objective (down from $33.00) on shares of Twenty-First Century Fox in a research report on Thursday, August 10th. Finally, Piper Jaffray Companies started coverage on Twenty-First Century Fox in a research note on Friday, August 11th. They issued an “overweight” rating and a $35.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $33.95.

Twenty-First Century Fox (NASDAQ:FOXA) opened at $32.99 on Friday. The stock has a market capitalization of $61,300.15, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 2.27 and a beta of 1.34. Twenty-First Century Fox has a 52-week low of $24.81 and a 52-week high of $34.48. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.08 and a quick ratio of 1.73.

Twenty-First Century Fox (NASDAQ:FOXA) last released its quarterly earnings data on Wednesday, November 8th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Twenty-First Century Fox had a return on equity of 21.41% and a net margin of 10.30%. The business had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.80 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. equities research analysts expect that Twenty-First Century Fox will post 1.98 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the company. Capital Research Global Investors boosted its stake in 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 worth $2,425,384,000 after buying an additional 14,398,422 shares during the period. Independent Franchise Partners LLP boosted its stake in Twenty-First Century Fox by 19.6% during the second quarter. Independent Franchise Partners LLP now owns 26,355,484 shares of the company’s stock worth $746,914,000 after buying an additional 4,315,548 shares during the period. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Twenty-First Century Fox by 8.8% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 37,460,118 shares of the company’s stock worth $988,198,000 after buying an additional 3,018,013 shares during the period. Northern Trust Corp boosted its stake in Twenty-First Century Fox by 17.4% during the second quarter. Northern Trust Corp now owns 17,652,970 shares of the company’s stock worth $500,285,000 after buying an additional 2,621,748 shares during the period. Finally, Boston Partners boosted its stake in Twenty-First Century Fox by 19.4% during the second quarter. Boston Partners now owns 15,926,008 shares of the company’s stock worth $451,343,000 after buying an additional 2,592,039 shares during the period. 54.50% of the stock is currently owned by institutional investors and hedge funds.

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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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