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

By Ryan Adsit

In a report issued on August 8, John Janedis from Jefferies reiterated a Buy rating on 21st Century Fox (NASDAQ: FOXA), with a price target of $50. The company’s shares closed yesterday at $45.60.

According to TipRanks.com, Janedis is a 5-star analyst with an average return of 11.5% and a 66.5% success rate. Janedis covers the Services sector, focusing on stocks such as Live Nation Entertainment, Madison Square Garden Co, and Charter Communications.

21st Century Fox has an analyst consensus of Moderate Buy, with a price target consensus of $49.78, a 9.2% upside from current levels. In a report issued on August 7, Buckingham also maintained a Buy rating on the stock with a $52 price target.

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Based on 21st Century Fox’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $7.94 billion and net profit of $920 million. In comparison, last year the company earned revenue of $6.75 billion and had a net profit of $476 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.