21St Century Fox Class A (NASDAQ: FOXA) reiterated to Overweight with price target $36 by Barclays
Barclays reiterated 21St Century Fox Class A (NASDAQ: FOXA) to Overweight with price target $36. Previously Barclays reiterated 21St Century Fox Class A (NASDAQ: FOXA) to Overweight
with price target $43 on 07/09/2014, when the stock price was $35.91. Since then, 21St Century Fox Class A's stock price has lost 16% as of 08/14/2015's recent price of $30.17. If you would have followed the previous Barclays's recommendation on FOXA, you would have lost 16% of your investment in 401 days.
News Corporation is a is a diversified media company with operations in eight industry segments, including Filmed Entertainment, Television, Cable Network Programming, Direct Broadcast Satellite Television, Magazines and Inserts, Newspapers and Information Services, Book Publishing and Other. The activities of News Corporation are conducted principally in the United States, the United Kingdom, Continental Europe, Australia, Asia and Latin America. In October 2008, the Company purchased VeriSign Inc.?s minority share of the Jamba joint venture increasing the Company?s interest to 100%. In February 2009, the Company, two newly incorporated subsidiaries of funds advised by Permira Advisers LLP (the Permira Newcos) and the Company?s then majority owned, publicly held subsidiary, NDS Group plc (NDS), completed a transaction pursuant to which all issued and outstanding NDS were acquired.