The stock recent traded volume was higher as compared with its average volume of 9230660 shares. The firm has a 50-day moving average price of $27.52 and a 200-day moving average price of $27.98. Analyst’s mean target price for Twenty-First Century Fox, Inc.
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On an adjusted basis, earnings were $845 million or $0.45 per share, up from $800 million or $0.39 per share a year ago.
Revenues were up seven per cent year-on-year to $6.65bn in the fourth quarter ended 30 June.
Revenue from its cable division, home to the Fox News channel among others, rose 9.9 percent in the fourth quarter, accounting for more than half of the company’s total revenue.
21st Century Fox Inc. executives vowed to keep the “unique and important voice” of No. 1-rated Fox News following the resignation of co-founder Roger Ailes last month, rejecting major changes at a network that remained a steady source of profit in the latest quarter.
Fox’s share price was down 4.6 per cent in after-hours trading to $25.79.
On the broadcast television front, the company benefited from big hits at its production unit, Twentieth Century Fox Television, which made three of the season’s top four broadcast series: “Empire”, “The X-Files” and “Modern Family”. The Corporation has a Mean Rating of 2 based on the Reuters Analysts consensus issuing ratings. (NASDAQ:FOXA)’s stock had its “buy” rating reiterated by analysts at RBC Capital Markets in a note issued to investors on Thursday. Finally, Brean Capital initiated coverage on Twenty-First Century Fox in a research report on Wednesday, July 6th.
Several hedge funds have recently added to or reduced their stakes in FOXA.
“Despite the management turmoil at Fox News, this quarter’s results illustrate that Fox is well-positioned with leading positions in broadcast and cable network and filmed entertainment”, said Paul Sweeney, a Bloomberg Intelligence analyst.
In addition, Fox lifted its semiannual dividend to 18 cents from 15 cents and announced plans to repurchase an additional $3 billion of its Class A stock. Twenty-First Century Fox Inc (NASDAQ:FOXA) has declined 2.63% since December 28, 2015 and is downtrending.
For the current week, the company shares have a recommendation consensus of Buy.
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Twenty-First Century Fox, Inc.is a media and entertainment company. This increase primarily reflects higher affiliate and advertising revenues generated at our Cable Network Programming and Television segments and higher content revenues generated at the Filmed Entertainment segment.
