Bernstein Downgrades Twenty-First Century Fox Inc to Market Perform

Brokerage firm Bernstein Downgrades its rating on Twenty-First Century Fox Inc(NASDAQ:FOXA). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Bernstein was issued on Sep 16, 2016.

In a different note, On Aug 15, 2016, Citigroup said it Maintains its rating on Twenty-First Century Fox Inc. In the research note, the firm Lowers the price-target to $32.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 8, 2016, Barclays said it Downgrades its rating on Twenty-First Century Fox Inc. In the research note, the firm Lowers the price-target to $33.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Aug 5, 2016, Credit Suisse said it Maintains its rating on Twenty-First Century Fox Inc. In the research note, the firm Lowers the price-target to $38.00 per share. The shares have been rated ‘Outperform’ by the firm. On Aug 5, 2016, Deutsche Bank said it Maintains its rating on Twenty-First Century Fox Inc. In the research note, the firm Lowers the price-target to $36.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 4, 2016, Jefferies said it Maintains its rating on Twenty-First Century Fox Inc. In the research note, the firm Lowers the price-target to $33.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 1, 2016, UBS said it Maintains its rating on Twenty-First Century Fox Inc. In the research note, the firm Lowers the price-target to $40.00 per share. The shares have been rated ‘Buy’ by the firm.

Twenty-First Century Fox Inc (FOXA) made into the market gainers list on Thursdays trading session with the shares advancing 1.25% or 0.3 points. Due to strong positive momentum, the stock ended at $24.3, which is also near the day’s high of $24.48. The stock began the session at $24.19 and the volume stood at 1,16,47,392 shares. The 52-week high of the shares is $31.395 and the 52 week low is $22.66. The company has a current market capitalization of $45,259 M and it has 1,86,25,28,200 shares in outstanding.

Twenty-First Century Fox Inc(FOXA) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $6.65B. Analysts had an estimated revenue of $6.77B. Earnings per share were $0.38. Analysts had estimated an EPS of $0.38.

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.

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