Cowen & Co. Sticks to Its Hold Rating for 21st Century Fox

By Jason Carr

Cowen & Co. analyst Doug Creutz reiterated a Hold rating on 21st Century Fox (NASDAQ: FOXA) on December 27 and set a price target of $39. The company’s shares closed yesterday at $34.48, close to its 52-week high of $35.86.

According to TipRanks.com, Creutz is a 5-star analyst with an average return of 28.8% and a 72.6% success rate. Creutz covers the Services sector, focusing on stocks such as Scripps Networks, Discovery Comms, and Time Warner Inc.

Currently, the analyst consensus on 21st Century Fox is Moderate Buy and the average price target is $37.70, representing a 9.3% upside.

In a report issued on December 18, BMO Capital also downgraded the stock to Hold.

Based on 21st Century Fox’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $7 billion and quarterly net profit of $855 million. In comparison, last year the company earned revenue of $6.51 billion and had a net profit of $821 million.

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Twenty-First Century Fox, Inc. is a media company, which engages in television broadcasting and film production. It operates through the following segments: Cable Network Programming; Television; Filmed Entertainment; Direct Broadcast Satellite Television, and Other Corporate and Eliminations.