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FOXA

21st Century Fox

$48.59

0.25 (0.52%)

, FOX

21st Century Fox

$48.28

0.31 (0.65%)

16:35
06/22/18
06/22
16:35
06/22/18
16:35

21st Century Fox extends CFO John Nallen's employment contract to 2021

On June 22, 21st Century Fox America, a wholly owned subsidiary of Twenty-First Century Fox, entered into a letter agreement with John Nallen, Senior Executive Vice President and CFO of the company, effective immediately. The Letter Agreement, among other things, amends Nallen's employment agreement dated as of July 1, 2013, and as amended as of July 1, 2015, to extend the term of employment through June 30, 2021. All other substantive terms of Nallen's Employment Agreement, including Nallen's compensation, remain unchanged.

FOXA

21st Century Fox

$48.59

0.25 (0.52%)

FOX

21st Century Fox

$48.28

0.31 (0.65%)

FOXA 21st Century Fox
$48.59

0.25 (0.52%)

06/14/18
OPCO
06/14/18
NO CHANGE
Target $42
OPCO
Outperform
Disney likely to top bid for Fox entertainment assets, says Oppenheimer
Oppenheimer analyst Timothy Horan notes that Comcast (CMCSA) has bid $65B for a cash offer for Fox's (FOXA) entertainment assets, a 19% premium to Disney's offer (DIS). The analyst believes it does make strategic/financial sense, and Comcast has a great track record on acquisitions. Further, Horan thinks a joint NBC/Fox would be a content powerhouse while expanding the company's presence in Europe with Sky (SKYAY), and slashing OTT video risk. Nonetheless, the analyst believes Disney is likely to top the bid. He reiterates an Outperform rating and $42 price target on Comcast's shares.
06/18/18
PIVT
06/18/18
DOWNGRADE
PIVT
Sell
Disney downgraded to Sell from Hold at Pivotal Research
Pivotal Research analyst Brian Wieser downgraded Disney to Sell with an unchanged price target of $93. The stock closed Friday up 10c to $108.85. The recent rally in the shares is unwarranted and fails to reflect that a higher price paid for Fox's (FOXA) entertainment assets would reduce the value of Disney to its shareholders, Wieser tells investors in a research note. Further, the analyst believes the acquisition not being completed would also be negative for Disney as it would mean the company would be unable to realize the synergies it expects to produce from the transaction. The strategic position of Disney would "further be weakened relative to what would otherwise be possible without the transaction," Wieser contends.
06/20/18
KEYB
06/20/18
NO CHANGE
KEYB
KeyBanc sees end of Fox bidding war nearing, with Disney as likely winner
KeyBanc analyst Brandon Nispel does not think Comcast (CMCSA) can bid above $42 in all-cash offer for the assets of 21st Century Fox (FOXA) and maintain reasonable leverage ratios, adding that it may be able to go as high as $45 per share in a cash and stock offer. However, a $45 per share bid, split 80/20 cash and stock, would "hardly be accretive" in the next two years and be perceived negatively by Comcast shareholders, he contends. Given this view, Nispel argues the bidding war is approaching an end and he views Disney (DIS) as the likely winner.
06/21/18
RILY
06/21/18
NO CHANGE
Target $50
RILY
Buy
21st Century Fox price target raised to $50 from $46 at B. Riley FBR
B. Riley FBR analyst Barton Crockett raised his price target for 21st Century Fox to $50 and keeps a Buy rating on the shares.
FOX 21st Century Fox
$48.28

0.31 (0.65%)

03/14/18
MACQ
03/14/18
UPGRADE
MACQ
Outperform
Sky upgraded to Outperform from Neutral at Macquarie
Macquarie analyst Guy Peddy upgraded Sky (SKYAY) to Outperform from Neutral after he raised his FY19/20 and FY20/21 EPS by about 16% due to the lower EPL costs. His valuation analysis suggests the current 1075p offer from 21st Century Fox (FOXA) "materially undervalues" Sky and even Comcast's (CMCSA) indicative offer at 1250p "fractionally undervalues" it, Peddy tells investors. What happens next is up to Comcast and Disney (DIS), as Fox is just an intermediary, he added. Peddy raised his price target on Sky shares to 1450p, as he believes tension between those two could lift the offer price at least 10% above his fair value estimate of 1287p.
05/01/18
MSCO
05/01/18
NO CHANGE
Target $130
MSCO
Overweight
Disney trades at 'historic discount' while building out OTT, says Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne believes Disney's (DIS) new segment presentation could benefit shares by highlighting Disney's Over-the-top, or OTT, opportunity and providing visibility into the earnings power of its core businesses. If Fox (FOXA) is included and Hulu is consolidated, Swinburne estimates Disney's OTT and Direct-to-consumer businesses grow to roughly $6.5B in gross annual revenues by FY20, while noting that the stock is currently trading at a historical discount to the S&P 500. He maintains an Overweight rating and $130 price target on Disney shares.
05/10/18
OPCO
05/10/18
NO CHANGE
Target $42
OPCO
Outperform
Comcast acquisition of Fox would make strategic, financial sense, says Oppenheimer
Oppenheimer analyst Timothy Horan notes that press reports stated Comcast (CMCSA) has lined up $60B in financing to make an all-cash offer for Fox's (FOXA) entertainment assets, representing a 15% premium to Disney's (DIS) offer. While he thinks this has caused half the 30% decline in Comcast's stock year to date, the analyst believes it does make strategic and financial sense, and Comcast has a great track record on acquisitions. Horan thinks a joint NBC/Fox is a content powerhouse while expanding the company's presence in Europe through Sky (SKYAY), and slashing OTT video risk. The analyst reiterates an Outperform rating and $42 price target on Comcast's shares.

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EBAY

eBay

$38.02

0.2 (0.53%)

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NVS

Novartis

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INTU

Intuit

$217.57

1.1 (0.51%)

, AMZN

Amazon.com

$1,845.51

1.51 (0.08%)

11:30
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INTU

Intuit

$217.57

1.1 (0.51%)

AMZN

Amazon.com

$1,845.51

1.51 (0.08%)

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TWTR

Twitter

$43.13

-1.57 (-3.51%)

, CLX

Clorox

$130.00

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TWTR

Twitter

$43.13

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CLX

Clorox

$130.00

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$1,845.51

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NVDA

Nvidia

$253.58

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CMA

Comerica

$93.44

1.6 (1.74%)

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ITB

iShares U.S. Home Construction ETF

$39.51

-0.42 (-1.05%)

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CRNX

Crinetics

$0.00

(0.00%)

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PZZA

Papa John's

$51.03

-0.51 (-0.99%)

11:25
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FTI

TechnipFMC

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CRNX

Crinetics

$0.00

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$NSD

NASDAQ Market Internals

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$NYE

NYSE Market Internals

$0.00

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IYR

DJ US Real Estate Index Fund

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TEO

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URG

UR-Energy

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LGND

Ligand

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