In today’s session Twenty-First Century Fox Inc (FOXA) recorded an unusually high (15,253) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious FOXA decrease. With 15,253 contracts traded and 186264 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: FOXA170120P00023000 closed last at: $0.7 or 0% . About 2.10M shares traded hands. Twenty-First Century Fox Inc (NASDAQ:FOXA) has declined 11.32% since March 15, 2016 and is downtrending. It has underperformed by 16.80% the S&P500.
Analysts await Twenty-First Century Fox Inc (NASDAQ:FOXA) to report earnings on November, 2. They expect $0.44 earnings per share, up 15.79% or $0.06 from last year’s $0.38 per share. FOXA’s profit will be $818.10M for 14.18 P/E if the $0.44 EPS becomes a reality. After $0.45 actual earnings per share 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 27.54% above today’s ($24.95) stock price. Twenty-First Century Fox Inc has been the topic of 45 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Thursday, October 8 the stock rating was initiated by Pacific Crest with “Overweight”. The firm has “Buy” rating given on Monday, August 24 by Needham. Barclays Capital maintained Twenty-First Century Fox Inc (NASDAQ:FOXA) on Friday, August 14 with “Overweight” rating. As per Wednesday, January 6, the company rating was maintained by Credit Suisse. BTIG Research downgraded Twenty-First Century Fox Inc (NASDAQ:FOXA) on Thursday, March 17 to “Neutral” rating. The firm has “Buy” rating given on Thursday, August 4 by Jefferies. Topeka Capital Markets maintained the stock with “Hold” rating in Wednesday, February 3 report. Citigroup maintained the shares of FOXA in a report on Monday, August 15 with “Buy” rating. TheStreet downgraded the stock to “Strong-Buy” rating in Friday, August 7 report. As per Tuesday, February 9, the company rating was maintained by Morgan Stanley.
According to Zacks Investment Research, “Twenty-First Century Fox, Inc. is involved in creating and distributing media services. Its business portfolio consists of cable, broadcast, film, pay TV and satellite assets. Twenty-First Century Fox, Inc., formerly known as News Corporation, is based in New York, United States.”
Twenty-First Century Fox, Inc. is a media and entertainment company. The company has a market cap of $46.39 billion. The Company’s divisions include Cable Network Programming; Television; Filmed Entertainment, and Other, Corporate and Eliminations. It has a 17.56 P/E ratio. The Cable Network Programming segment produces and licenses news, business news, sports, general entertainment, factual entertainment and movie programming for distribution.
FOXA Company Profile
Twenty-First Century Fox, Inc., incorporated on October 23, 2003, is a media and entertainment company. The Company’s divisions include Cable Network Programming; Television; Filmed Entertainment, and Other, Corporate and Eliminations. The Company’s activities are conducted principally in the United States, the United Kingdom, Continental Europe, Asia and Latin America.
More recent Twenty-First Century Fox Inc (NASDAQ:FOXA) news were published by: Forbes.com which released: “Insider Jeff Ubben Feeds Yacktman’s Twenty-First Century Fox” on October 06, 2016. Also Prnewswire.com published the news titled: “Entertainment Stocks on Investors’ Radar — Viacom, Time Warner, Twenty-First …” on October 17, 2016. Nasdaq.com‘s news article titled: “Yacktman Focused Fund Fuels Twenty-First Century Fox, Trims Several Positions” with publication date: October 15, 2016 was also an interesting one.
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