Twenty-First Century Fox's (FOXA) Buy Rating Reiterated at RBC Capital Markets

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Twenty-First Century Fox, Inc. has a beta of 1.4 and the weekly and monthly volatility stands at 1.36% and 1.66% respectively. The Market Cap of the company stands at 4.55 Billion.

And the worst performing Nasdaq 100 component thus far on the day is Twenty-First Century Fox ( FOX ), trading down 1.5%. (NASDAQ:FOXA) now has P/E (Price to Earnings) ratio of 20.55 while the company's industry has 7.29 P/E and the sector P/E is 26.39. The shares have been given a mean Overweight rating keeping in view the consensus of 30 Analysts. The Closing price before the company posted its earnings was $25.83. To take look on ration of tradable shares being shorted in market, float short ration was 22.22%, as compared to sentiment indicator; Short Ratio was 7.86. However, the brokerage retained its Hold rating on the stock as the stock is trading near the target price level. The company has experienced volume of 13,574,000 shares while on average the company has a capacity of trading 9.31M share. (FOXA - Free Report) reported better-than-expected earnings for the third straight quarter. The stock volatility for week was 1.36% while for month was 1.66%.The stock, as of last close, traded 38.87% to its 52 week low and was changed -2.17% from its 52 week high. 21st Century Fox has recorded a 50-day average of $29.74 and a two hundred day average of $26.81. From a bottom line perspective, the company reported adjusted income of $976 million, up 14% y-o-y, along with adjusted earnings of $0.53 per share, which increased 20% y-o-y. The firm had revenue of $7.68 billion for the quarter, compared to the consensus estimate of $7.72 billion.

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Filmed entertainment fell year over year, though, coming in at $2.27 billion, below the $2.36 billion reported in last year's second quarter.

TRADEMARK VIOLATION WARNING: This piece was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another site, it was illegally copied and republished in violation of worldwide trademark and copyright law. (FOXA), and see some interesting trends in the stock's behavior of late. Bessemer Group Inc. boosted its position in shares of Twenty-First Century Fox by 15.8% in the fourth quarter.

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A number of large investors have recently added to or reduced their stakes in the stock. The stock has relative volume of 1.45.

At the end of a year ago, 21st Century Fox said that it had reached an agreement to take over the 61 per cent of Sky that it did not already own.

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Finally, Needham & Company LLC reissued a "hold" rating on shares of Twenty-First Century Fox in a report on Tuesday, January 24th. However, the segment's revenue growth was partially offset by higher sports and entertainment programming expenses at the network as well as higher promotion costs from the launch of new series. The Cable Network Programming segment produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution.