Twenty-First Century Fox (FOXA) – Investment Analysts’ Recent Ratings Changes

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A number of research firms have changed their ratings and price targets for Twenty-First Century Fox (NASDAQ: FOXA):

9/15/2016 – Twenty-First Century Fox was downgraded by analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating. They now have a $26.00 price target on the stock, down previously from $33.00.
9/12/2016 – Twenty-First Century Fox had its “buy” rating reaffirmed by analysts at Jefferies Group.
9/12/2016 – Twenty-First Century Fox was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Twenty-First Century Fox’s Cable Network Programming has been driving the company’s performance owing to rising affiliate fees. Affiliate fees are the dominant sources of revenue for the Cable Network segment as well as a major contributor to total revenues.  The company said that the pace of affiliate fees will accelerate in the back half of the fiscal year as 15%–20% of the company’s domestic subscribers will be up for annual renewal in the couple of years. However, the major concern is 15% rise in expenses which was mostly due to hiked sports programming costs owing to soccer rights costs at FNG International as well as Major League Baseball and streaming rights costs at the RSNs. The company expects costs at Cable Network to go up in fiscal 2017. Moreover, due to international presence fluctuations in currency exchange rates can adversely impact the company’s top and bottom-line results.”
9/4/2016 – Twenty-First Century Fox had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein.
8/16/2016 – Twenty-First Century Fox had its “hold” rating reaffirmed by analysts at Brean Capital.
8/15/2016 – Twenty-First Century Fox had its price target lowered by analysts at Citigroup Inc. from $32.00 to $31.00. They now have a “buy” rating on the stock.
8/11/2016 – Twenty-First Century Fox was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Twenty-First Century Fox reported better-than-expected earnings in fourth-quarter fiscal 2016 after reporting in-line earnings in the preceding two quarters. However, the company’s revenues missed the estimate but rose 7.1% year over year driven by improvement in affiliate and advertising revenues at both the Cable Network Programming as well as Television segments. The performance of Cable Network Programming has been magnificent in the fiscal 2015 and 2016 owing to rising affiliate fees. The company said that the pace of affiliate fees will accelerate in the back half of the fiscal year as 15%–20% of the company’s domestic subscribers will be up for annual renewal in the couple of years. However, the major concern is 15% rise in expenses which was mostly due to hiked sports programming costs owing to soccer rights costs at FNG International as well as Major League Baseball and streaming rights costs at the RSNs.”
8/8/2016 – Twenty-First Century Fox was downgraded by analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating. They now have a $29.00 price target on the stock, down previously from $33.00.
8/5/2016 – Twenty-First Century Fox had its price target lowered by analysts at Credit Suisse Group AG from $38.00 to $33.00. They now have an “outperform” rating on the stock.
8/5/2016 – Twenty-First Century Fox had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
8/5/2016 – Twenty-First Century Fox had its price target lowered by analysts at Deutsche Bank AG from $36.00 to $35.00. They now have a “buy” rating on the stock.
8/4/2016 – Twenty-First Century Fox had its price target lowered by analysts at FBR & Co from $42.00 to $38.00. They now have a “market perform” rating on the stock.
8/4/2016 – Twenty-First Century Fox had its price target lowered by analysts at Royal Bank Of Canada from $36.00 to $32.00. They now have an “outperform” rating on the stock.
8/4/2016 – Twenty-First Century Fox had its price target lowered by analysts at Wedbush from $34.00 to $33.00. They now have an “outperform” rating on the stock.
8/4/2016 – Twenty-First Century Fox had its “buy” rating reaffirmed by analysts at RBC Capital Markets. They now have a $32.00 price target on the stock, down previously from $36.00.
8/4/2016 – Twenty-First Century Fox had its price target lowered by analysts at Pivotal Research from $36.00 to $34.00. They now have a “buy” rating on the stock.
8/4/2016 – Twenty-First Century Fox had its price target lowered by analysts at Jefferies Group from $33.00 to $32.00. They now have a “buy” rating on the stock.
7/26/2016 – Twenty-First Century Fox was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Twenty-First Century Fox expects Cable Network Programming to drive its performance owing to rising affiliate fees. Affiliate fees are the dominant sources of revenue for the Cable Network segment as well as a major contributor to total revenues. On the flip side, we note that the company’s international Cable and Film operations continue to be adversely affected by the foreign currency exchange rate. Management had earlier guided that the foreign currency exchange rate will hurt the company’s growth rate by 3% or nearly $200 million in fiscal 2016. The company expects adjusted EBITDA for fiscal 2016 between flat to up in the low single-digits, in comparison to the previous forecast of an increase in the mid-single-digit range. We also observe that, of late, earnings estimates for the company have been stable for the fourth-quarter of fiscal 2016.  “
7/25/2016 – Twenty-First Century Fox had its price target lowered by analysts at Credit Suisse Group AG from $40.00 to $38.00. They now have an “outperform” rating on the stock.
7/22/2016 – Twenty-First Century Fox had its “hold” rating reaffirmed by analysts at Brean Capital.

Twenty-First Century Fox Inc. (NASDAQ:FOXA) traded up 0.25% on Friday, hitting $23.90. 27,403,457 shares of the stock were exchanged. The company has a 50-day moving average price of $25.14 and a 200-day moving average price of $27.69. Twenty-First Century Fox Inc. has a 52-week low of $22.66 and a 52-week high of $31.40. The firm has a market cap of $44.51 billion, a PE ratio of 16.88 and a beta of 1.33.
Twenty-First Century Fox (NASDAQ:FOXA) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.08. The business earned $6.65 billion during the quarter, compared to analysts’ expectations of $6.68 billion. Twenty-First Century Fox had a return on equity of 21.63% and a net margin of 10.08%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 earnings per share. On average, equities research analysts anticipate that Twenty-First Century Fox Inc. will post $1.92 EPS for the current fiscal year.

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The firm also recently announced a dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, September 14th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, September 12th. This is a boost from Twenty-First Century Fox’s previous dividend of $0.15. Twenty-First Century Fox’s dividend payout ratio (DPR) is currently 25.35%.
Twenty-First Century Fox, Inc is a media and entertainment company. The Company operates through segments: Cable Network Programming, Television, Filmed Entertainment, and Other, Corporate and Eliminations. The Company produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies and online video distributors in the United States and internationally.

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