Twenty-First Century Fox Inc (FOXA) was Downgraded by Bernstein to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Bernstein advised their investors in a research report released on Sep 16, 2016.
Many Wall Street Analysts have commented on Twenty-First Century Fox Inc. Shares were Downgraded by Barclays on Aug 8, 2016 to ” Equal Weight” and Lowered the Price Target to $ 29 from a previous price target of $33 .Shares were Reiterated by Pivotal Research Group on Aug 4, 2016 to “Buy” and Lowered the Price Target to $ 34 from a previous price target of $36 .Shares were Reiterated by Wedbush on Aug 4, 2016 to “Outperform” and Lowered the Price Target to $ 33 from a previous price target of $34 .
On the company’s financial health, Twenty-First Century Fox Inc reported $0.45 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.37. The company had revenue of $6646.00 million for the quarter, compared to analysts expectations of $6680.18 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.
Twenty-First Century Fox Inc closed down -0.01 points or -0.04% at $23.7 with 13,331,784 shares getting traded on Wednesday. Post opening the session at $23.75, the shares hit an intraday low of $23.56 and an intraday high of $23.93 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
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. The Company is engaged in the operation of broadcast television stations and the broadcasting of network programming in the United States. The Company is engaged in the production and acquisition of live-action and animated motion pictures for distribution and licensing in all formats in all entertainment media and the production and licensing of television programming around the world.