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.
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.
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