21st Century Fox Receives a Hold from Barclays

By Ryan Adsit

Barclays analyst Kannan Venkateshwar reiterated a Hold rating on 21st Century Fox (NASDAQ: FOXA) today and set a price target of $29. The company’s shares opened today at $26.76.

According to TipRanks.com, Venkateshwar is a 1-star analyst with an average return of -5.5% and a 48.8% success rate. Venkateshwar covers the Services sector, focusing on stocks such as Charter Communications, AMC Entertainment, and Discovery Comms.

21st Century Fox has an analyst consensus of Moderate Buy, with a price target consensus of $34.20.

21st Century Fox’s market cap is currently $48.3B and has a P/E ratio of 18.19. The company has a book value ratio of 3.5354.

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.