What’s Twenty-First Century Fox Inc Upside After Today’s Bullish Options Activity?

 What's Twenty First Century Fox Inc Upside After Today's Bullish Options Activity?

In today’s session Twenty-First Century Fox Inc (FOXA) registered an unusually high (987) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious FOXA increase. With 987 contracts traded and 3334 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: FOXA170421C00028000 closed last at: $0.6 or 0% . About 10.33 million shares traded hands. Twenty-First Century Fox Inc (NASDAQ:FOXA) has declined 11.04% since March 1, 2016 and is downtrending. It has underperformed by 20.29% the S&P500.

Analysts await Twenty-First Century Fox Inc (NASDAQ:FOXA) to report earnings on November, 2. They expect $0.44 EPS, up 15.79% or $0.06 from last year’s $0.38 per share. FOXA’s profit will be $841.08M for 14.07 P/E if the $0.44 EPS becomes a reality. After $0.45 actual EPS reported by Twenty-First Century Fox Inc for the previous quarter, Wall Street now forecasts -2.22% negative EPS growth.

Twenty-First Century Fox Inc (NASDAQ:FOXA) Ratings Coverage

Out of 22 analysts covering Twenty-First Century Fox Inc (NASDAQ:FOXA), 16 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 73% are positive. $40 is the highest target while $26 is the lowest. The $31.82 average target is 28.51% above today’s ($24.76) stock price. Twenty-First Century Fox Inc has been the topic of 45 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was downgraded by BTIG Research on Thursday, March 17 to “Neutral”. Topeka Capital Markets maintained Twenty-First Century Fox Inc (NASDAQ:FOXA) rating on Thursday, August 6. Topeka Capital Markets has “Hold” rating and $34 price target. Pacific Crest initiated the shares of FOXA in a report on Thursday, October 8 with “Overweight” rating. The stock has “Strong-Buy” rating given by TheStreet on Friday, August 7. As per Friday, August 5, the company rating was maintained by Credit Suisse. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, February 9. The firm has “Outperform” rating given on Monday, May 23 by Credit Suisse. Telsey Advisory Group initiated the stock with “Outperform” rating in Friday, February 5 report. The firm earned “Market Perform” rating on Tuesday, August 18 by Wells Fargo. FBR Capital maintained Twenty-First Century Fox Inc (NASDAQ:FOXA) on Tuesday, February 9 with “Mkt Perform” rating.

Twenty-First Century Fox, Inc. is a media and entertainment company. The company has a market cap of $47.33 billion. The Company’s divisions include Cable Network Programming; Television; Filmed Entertainment, and Other, Corporate and Eliminations. It has a 17.41 P/E ratio. The Cable Network Programming segment produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution.

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