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 (1,504) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious FOXA increase. With 1,504 contracts traded and 111204 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: FOXA170120C00025000 closed last at: $1.85 or 11.9% down. About 7.65 million shares traded hands. Twenty-First Century Fox Inc (NASDAQ:FOXA) has declined 3.04% since April 4, 2016 and is downtrending. It has underperformed by 4.13% the S&P500.

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 17.07% above today’s ($27.18) stock price. Twenty-First Century Fox Inc has been the topic of 45 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The company was initiated on Thursday, October 8 by Pacific Crest. The stock of Twenty-First Century Fox Inc (NASDAQ:FOXA) has “Outperform” rating given on Wednesday, January 6 by Credit Suisse. The stock has “Overweight” rating given by Barclays Capital on Friday, August 14. The rating was downgraded by TheStreet to “Strong-Buy” on Friday, August 7. The stock has “Sell” rating given by Rosenblatt on Saturday, August 8. The company was maintained on Monday, August 15 by Citigroup. Topeka Capital Markets maintained Twenty-First Century Fox Inc (NASDAQ:FOXA) on Wednesday, February 3 with “Hold” rating. On Wednesday, November 4 the stock rating was maintained by Topeka Capital Markets with “Hold”. Wedbush maintained Twenty-First Century Fox Inc (NASDAQ:FOXA) on Tuesday, February 9 with “Outperform” rating. The stock of Twenty-First Century Fox Inc (NASDAQ:FOXA) earned “Outperform” rating by Credit Suisse on Monday, May 23.

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 $50.38 billion. The Company’s divisions include Cable Network Programming; Television; Filmed Entertainment, and Other, Corporate and Eliminations. It has a 19.13 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: Reuters.com which released: “Twenty-First Century Fox beats Wall Street expectations” on November 02, 2016. Also Nasdaq.com published the news titled: “21st Century Fox (FOXA) Beats on Q1 Earnings & Revenues” on November 03, 2016. Forbes.com‘s news article titled: “Insider Jeff Ubben Feeds Yacktman’s Twenty-First Century Fox” with publication date: October 06, 2016 was also an interesting one.

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