Cowen & Co. Remains a Hold on 21st Century Fox (FOXA)


Cowen & Co. analyst Doug Creutz reiterated a Hold rating on 21st Century Fox (NASDAQ: FOXA) on August 10 and set a price target of $49. The company’s shares closed on Friday at $45.48.

According to TipRanks.com, Creutz is ranked #214 out of 4848 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for 21st Century Fox with a $49.80 average price target, representing a 9.5% upside. In a report issued on August 9, RBC Capital also downgraded the stock to Hold.

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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.

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