Twenty-First Century Fox (NASDAQ:FOXA) had its target price lifted by equities researchers at Royal Bank of Canada to $43.00 in a research note issued to investors on Wednesday, January 3rd, The Fly reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price points to a potential upside of 11.00% from the stock’s current price. The analysts noted that the move was a valuation call.

Other research analysts have also recently issued research reports about the company. B. Riley restated a “neutral” rating on shares of Twenty-First Century Fox in a research note on Wednesday, November 1st. Jefferies Group restated a “buy” rating and set a $35.00 price objective on shares of Twenty-First Century Fox in a research note on Tuesday, September 26th. KeyCorp reiterated a “buy” rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a research note on Sunday, September 10th. Pivotal Research boosted their price target on Twenty-First Century Fox from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, Piper Jaffray Companies set a $35.00 price target on Twenty-First Century Fox and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and fifteen have given a buy rating to the stock. Twenty-First Century Fox currently has an average rating of “Buy” and an average price target of $36.58.

Shares of Twenty-First Century Fox (NASDAQ:FOXA) opened at $38.74 on Wednesday. Twenty-First Century Fox has a 1 year low of $24.81 and a 1 year high of $39.04. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.08 and a quick ratio of 1.73. The company has a market capitalization of $71,896.61, a price-to-earnings ratio of 20.21, a PEG ratio of 2.02 and a beta of 1.34.

Twenty-First Century Fox (NASDAQ:FOXA) last posted its quarterly earnings results on Wednesday, November 8th. The company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 firm had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.80 billion. During the same quarter in the previous year, the business earned $0.51 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. analysts expect that Twenty-First Century Fox will post 2.01 EPS for the current year.

A number of hedge funds have recently modified their holdings of FOXA. Beach Investment Management LLC. bought a new position in Twenty-First Century Fox in the 2nd quarter worth approximately $479,000. Calamos Advisors LLC lifted its position in Twenty-First Century Fox by 5.4% in the second quarter. Calamos Advisors LLC now owns 219,544 shares of the company’s stock worth $6,222,000 after purchasing an additional 11,209 shares during the period. IFM Investors Pty Ltd lifted its position in Twenty-First Century Fox by 112.4% in the second quarter. IFM Investors Pty Ltd now owns 29,682 shares of the company’s stock worth $841,000 after purchasing an additional 15,705 shares during the period. Schroder Investment Management Group acquired a new stake in Twenty-First Century Fox in the second quarter worth approximately $235,000. Finally, Commonwealth Bank of Australia lifted its position in Twenty-First Century Fox by 9.9% in the second quarter. Commonwealth Bank of Australia now owns 285,794 shares of the company’s stock worth $8,099,000 after purchasing an additional 25,651 shares during the period. 54.36% of the stock is 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.

The Fly

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

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