Brean Capital Reiterates a Hold Rating on 21st Century Fox

By Jason Carr

In a report released today, Alan Gould from Brean Capital reiterated a Hold rating on 21st Century Fox (NASDAQ: FOXA). The company’s shares opened today at $27.71.

According to TipRanks.com, Gould is a 4-star analyst with an average return of 4.8% and a 67.6% success rate. Gould covers the Services sector, focusing on stocks such as Time Warner Inc, AMC Networks, and Viacom Inc.

Currently, the analyst consensus on 21st Century Fox is Moderate Buy and the average price target is $33.50, representing a 20.9% upside.

In a report released today, Barclays also reiterated a Hold rating on the stock with a $29 price target.

Based on 21st Century Fox’s latest earnings report from June 30, the company posted quarterly revenue of $6.65B and quarterly net profit of $567M. In comparison, last year the company earned revenue of $6.08B and had a net profit of $675M.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FOXA in relation to earlier this year. Most recently, in August 2016, Jeffrey Ubben, a Director at FOXA bought 3,000,000 shares for a total of $78,182,500.

21st Century Fox, Inc. operates as a global media company, which engages in television broadcasting and film production. It operates through five segments: Cable Network Programming, Filmed Entertainment, Television, Direct Broadcast Satellite Television, and Other, Corporate and Eliminations. The Cable Network Programming segment consists of the production and licensing of programming distributed through cable television systems and direct broadcast satellite operators primarily in the U.S., Latin America, Europe, and Asia. The Filmed Entertainment segment engages in the production and acquisition of live-action and animated motion pictures for distribution and licensing in all formats in all entertainment media worldwide and the production and licensing of television programming worldwide. The Television segment consists of the broadcasting of network programming in the U.S. and the operation of broadcast television stations. The Direct Broadcast Satellite Television segment engages in the distribution of basic and premium programming services via satellite and broadband directly to subscribers in Italy. The Other, Corporate and Eliminations segment consists of corporate overhead and eliminations and other businesses. The company was founded in 1979 and is headquartered in New York, NY.