21st Century Fox (FOXA) Gets a Buy Rating from Buckingham

By Carrie Williams

In a report released today, Matthew Harrigan from Buckingham maintained a Buy rating on 21st Century Fox (FOXAResearch Report), with a price target of $54. The company’s shares opened today at $51.09, close to its 52-week high of $51.27.

According to TipRanks.com, Harrigan is a 4-star analyst with an average return of 6.3% and a 64.6% success rate. Harrigan covers the Services sector, focusing on stocks such as Charter Communications, Sirius XM Holdings Inc, and GCI Liberty Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for 21st Century Fox with a $51.75 average price target.

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Based on 21st Century Fox’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.5 billion and net profit of $10.82 billion. In comparison, last year the company earned revenue of $8.04 billion and had a net profit of $1.83 billion.

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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; and Other, Corporate and Eliminations.