MoffettNathanson Starts 21st Century Fox (FOXA) at Neutral

October 14, 2013 4:19 PM EDT
Get Alerts FOXA Hot Sheet
Price: $30.27 +1.14%

Rating Summary:
    23 Buy, 14 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
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MoffettNathanson initiates coverage on 21st Century Fox (NASDAQ: FOXA) with a Neutral. PT $36.00.

"FOX has traded up 16% from the date of splitting from News Corp at the end of June. This compares to 4% growth in the S&P 500 over the same time period," the analyst notes. "While the company has a strong and unique set of assets, our view is that the current stock looks to be fairly valued. We would look for a more attractive entry point to get more aggressive."

For an analyst ratings summary and ratings history on 21st Century Fox click here. For more ratings news on 21st Century Fox click here.

Shares of 21st Century Fox closed at $33.23 yesterday.

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