21st Century Fox (FOXA) Initiated with a Hold at Barclays

In a report released today, Kannan Venkateshwar from Barclays initiated coverage with a Hold rating on 21st Century Fox (FOXA) and a price target of $40. The company’s shares closed yesterday at $40.02.

According to TipRanks.com, Venkateshwar is a 1-star analyst with an average return of -1.7% and a 52.2% success rate. Venkateshwar covers the Services sector, focusing on stocks such as Sirius XM Holdings Inc, Altice Usa Inc, and Dish Network.

Currently, the analyst consensus on 21st Century Fox is a Strong Buy with an average price target of $51.71, representing a 29.2% upside. In a report issued on March 13, UBS also maintained a Hold rating on the stock with a $52 price target.

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The company has a one-year high of $41.95 and a one-year low of $38. Currently, 21st Century Fox has an average volume of 10.55M.

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