Could Twenty-First Century Fox, Inc. (FOXA) Go Up? The Stock Formed Bullish Double Top Chart Pattern

March 20, 2018 - By Michael Collier

The chart of Twenty-First Century Fox, Inc. (FOXA) shows a double top with $38.11 target or 4.00 % above today’s $36.64 share price. The 9 months chart pattern indicates low risk for the $67.47B company. It was reported on Mar, 20 by If the $38.11 price target is reached, the company will be worth $2.70 billion more. Double tops are rare but powerful chart patterns.

The stock decreased 0.38% or $0.14 during the last trading session, reaching $36.64. About 129,890 shares traded. Twenty-First Century Fox, Inc. (NASDAQ:FOXA) has declined 2.90% since March 20, 2017 and is downtrending. It has underperformed by 19.60% the S&P500.

Analysts await Twenty-First Century Fox, Inc. (NASDAQ:FOXA) to report earnings on May, 9. They expect $0.56 EPS, up 3.70 % or $0.02 from last year’s $0.54 per share. FOXA’s profit will be $1.03 billion for 16.36 P/E if the $0.56 EPS becomes a reality. After $0.42 actual EPS reported by Twenty-First Century Fox, Inc. for the previous quarter, Wall Street now forecasts 33.33 % EPS growth.

Twenty-First Century Fox, Inc. (NASDAQ:FOXA) Ratings Coverage

Among 34 analysts covering Twenty-First Century Fox Inc (NASDAQ:FOXA), 22 have Buy rating, 1 Sell and 11 Hold. Therefore 65% are positive. Twenty-First Century Fox Inc had 101 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Hold” rating by Needham on Tuesday, October 24. The rating was maintained by BMO Capital Markets with “Buy” on Friday, June 16. The stock of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) earned “Strong-Buy” rating by TheStreet on Friday, August 7. Jefferies maintained Twenty-First Century Fox, Inc. (NASDAQ:FOXA) on Monday, September 25 with “Buy” rating. The stock of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) has “Outperform” rating given on Tuesday, January 3 by Wells Fargo. The rating was maintained by Wells Fargo with “Buy” on Thursday, December 7. The stock of Twenty-First Century Fox, Inc. (NASDAQ:FOXA) earned “Buy” rating by RBC Capital Markets on Wednesday, August 9. FBR Capital maintained the stock with “Hold” rating in Friday, November 17 report. The rating was downgraded by BTIG Research on Thursday, March 17 to “Neutral”. The company was downgraded on Friday, December 15 by KeyBanc Capital Markets.

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