Credit Suisse Sticks to Its Buy Rating for 21st Century Fox

By Carrie Williams

In a report released yesterday, Omar Sheikh from Credit Suisse maintained a Buy rating on 21st Century Fox (NASDAQ: FOXA), with a price target of $37. The company’s shares opened today at $28.25.

According to TipRanks.com, Sheikh is a 4-star analyst with an average return of 7.5% and a 68.4% success rate. Sheikh covers the Services sector, focusing on stocks such as Interpublic Group of Companies, Cinemark Holdings Inc, and Regal Entertainment.

Currently, the analyst consensus on 21st Century Fox is Strong Buy and the average price target is $34.50, representing a 22.1% upside.

In a report issued on June 14, Jefferies also reiterated a Buy rating on the stock with a $35 price target.

The company has a one year high of $32.60 and a one year low of $23.33. Currently, 21st Century Fox has an average volume of 10.27M.

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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.