Wedbush Starts 21st Century Fox (FOXA) at Outperform
Tweet
Share
E-mailGet Alerts FOXA Hot Sheet
Price: $55.09 --0%
Rating Summary:
26 Buy, 20 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 4
Rating Summary:
26 Buy, 20 Hold, 2 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 7 | Down: 11 | New: 4
Join SI Premium – FREE
Wedbush initiated coverage on 21st Century Fox (NASDAQ: FOXA) with an Outperform rating and a price target of $31.00.
"Our rating for the new FOXA shares is OUTPERFORM, consistent with the OUTPERFORM rating that we carried on old NWSA shares since initiating coverage on July 1, 2010," said analyst James Dix.
"We believe FOXA shares are an attractive play on: 1) the increasing mix of FOXA's operating income from subscriptions and other recurring fees, 2) a ramp in monetization of broadcast TV content through retransmission and reverse compensation revenue, and content licenses to international and SVOD platforms; 3) Fox's option on upside from exploitation of the company’s treasure trove of brands, such as Avatar and The Simpsons; and 4) substantial financial flexibility," he added.
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 $28.99 yesterday, with a 52 week range of $-$.
"Our rating for the new FOXA shares is OUTPERFORM, consistent with the OUTPERFORM rating that we carried on old NWSA shares since initiating coverage on July 1, 2010," said analyst James Dix.
"We believe FOXA shares are an attractive play on: 1) the increasing mix of FOXA's operating income from subscriptions and other recurring fees, 2) a ramp in monetization of broadcast TV content through retransmission and reverse compensation revenue, and content licenses to international and SVOD platforms; 3) Fox's option on upside from exploitation of the company’s treasure trove of brands, such as Avatar and The Simpsons; and 4) substantial financial flexibility," he added.
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 $28.99 yesterday, with a 52 week range of $-$.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- T-Mobile (TMUS) PT Lowered to $235 at UBS Following Q2 Results
- IBM (IBM) PT Lowered to $230 at Bernstein SocGen Group
- Lucid Capital Markets Starts Blue Owl Capital Corp. (OBDC) at Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
